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LGO Energy

LGO Energy's operations comprise of four main Trinidad assets; the Goudron Field, the Icacos Field, the Cedros Peninsular leases, and Beach Oilfield Limited (BOLT) leases which include the Bonasse Field.

The Goudron Field (LGO 100%) lies between the East Moruga and Beach-Marcelle fields in south-eastern Trinidad and has direct access to the Petrotrin oil export pipeline to the Pointe-a-Pierre refinery in western Trinidad. The field was originally discovered by Trinidad Leaseholders Limited in 1927 and was largely developed by Texaco between 1956 and 1986, when ownership passed to Petrotrin and its predecessors. A field reactivation contract, Incremental Production Service Contract (IPSC), was signed in late 2009 and the contract acquired by LGO in October 2012. Since then LGO has reactivated over 70 wells and drilled 15 new deep production wells and is gearing up for an infill program of up to 70 new shallow wells and a waterflood EOR of the deeper reservoir. LGO's recent drilling has increased the oil in place estimate substantially and now stands at close to 1 billion barrels.

The Icacos Oilfield (LGO 50%, Touchstone 50%) lies on the SW Peninsular (SWP) of Trinidad and is surrounded by a number of LGO's 100% owned petroleum leases. The BOLT leases also lie within Trinidad's south-west peninsular and taken together LGO has a dominate land position in a major underexploited part of the East Venezuelan oil belt. LGO has recently acquired a country-wide FTG gravity survey as well as 3D seismic and soil geochemistry data in the SWP and has defined significant undrilled prospectivity.

Neil Ritson - CEO
Mr Ritson holds a Bachelor degree in Geophysics. He has worked in the energy sector for over 35 years’, initially with BP plc, where he held the roles of International Chief Geophysicist, Head of Geoscience Research and Business Unit Leader for both Norway and Alaska Exploration.

Subsequently Mr Ritson managed the international operations of Burlington Resources Inc. and more recently he
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