LGO has confirmed that well GY-682 was spudded at the Goudron Field in eastern Trinidad.

 Site preparation work at location H18E N4 was completed during the week and Rig#18 was accepted onto contract and commenced drilling operations immediately.

Well GY-682 is the first of a number of planned Mayaro Sandstone infill production wells.  Rig#18 has initially been contracted for two wells as part of a larger programme of infill wells planned to be drilled in 2017.

Well GY-682, is targeting a net 200-foot thick Mayaro Sandstone pay interval at a depth between 300 and 1,000 feet depth and the well is anticipated to be completed for production immediately after drilling operations are concluded.  Rig#18 will then be moved to the second planned location, H18E G11(5) which is expected to be designated as GY-683.

Qualified Person's Statement:  

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for LGO Energy plc, who has over 38 years of relevant experience in the oil industry.  Mr. Ritson is a member of the Society of Petroleum Engineers (SPE), an Active Member of the American Association of Petroleum Geologists (AAPG) and is a Fellow of the Geological Society of London (BGS).