Leni Gas & Oil yesterday issued proceedings against Mediterranean Oil and Gas Plc (“MOG”) in the High Court of England and Wales in regard to the Company’s 31 July 2012 sale of its 10% interest in Malta Area 4 PSC to MOG. Leni’s Chief Executive, Neil Ritson said: “We have repeatedly asked MOG to answer [...]
Leni Gas & Oil today announces it has signed a definitive Purchase and Sale Agreement for its remaining minority interests in the US Gulf of Mexico (“GOM”) for a cash consideration of $1.625 million to a USA group (the “Buyer”). The sale is expected to be completed this week. The funds obtained will reduce the [...]
Leni Gas & Oil plc today announces that the A2ST01 sidetrack at the Eugene Island Field in the US Gulf of Mexico has reached a total depth of 13,496 feet. The A2ST01 sidetrack was designed to test the Cranberry Creek prospect at the Tex-X2 reservoir level at a depth of approximately 13,000 feet subsea. The [...]
Leni Gas & Oil plc today announces a short delay to the start of drilling operations at the Eugene Island Field (“EI-184″) in the US Gulf of Mexico. The current operator of the Ocean Columbia jack-up rig at Eugene Island-51 has had difficulty in withdrawing the legs from the seafloor. Silt jetting and dredging operations [...]
Leni Gas & Oil plc today announces potential short-term impacts following the recent announcements by Leed Petroleum plc (“Leed”). Leed has notified the Company that with immediate effect it has temporarily suspended production from the Eugene Island -184 (“EI-184″) and Ship Shoal-201 (“SS-201″) platforms where LGO has interests in the Gulf of Mexico. This [...]
