The GY-669 well has been drilled to a measured depth (MD) of 2,390ft and encountered 227ft of net oil pay in the Goudron Sandstones.
The well is now drilling ahead to the primary Gros Morne Sandstone oil target which is expected at about 2,500ft MD.
LGO chief executive Neil Ritson said:"The Goudron Sand has come in on prognosis and is oil bearing as in all previous wells.
"The new well design, with three casings, is proving valuable in isolating the thin gas stringers in the formation above the Gros Morne Sandstone reservoir and allowing us to drill with optimum mud properties in the main reservoir section, further reducing the risk of formation damage and increasing likely production rates."
The GY-669 well has a planned total depth (TD) of 3,926ft measure depth (MD) in the Lower Cruse at a bottom-hole location which is about 360ft north of the surface location.
