QuickView: Refinancing required to accelerate progress
LGO Energy (LGO) is an E&P company specialising in the reactivation of mature oil fields in Trinidad and Spain. Its main field in Trinidad, Goudron, has both low lifting costs and longer-term potential through enhanced oil recovery (EOR). However, LGO needs to find a refinancing solution to alleviate current funding constraints in Trinidad, allowing it to progress low-cost workover solutions and ultimately develop 2P reserves.Columbus Energy Resources is engaged in the production and exploration of oil and gas. Co. holds interests in three producing oil fields Goudron, Icacos, Bonasse, and in a number of private petroleum leases in Trinidad. The Gourdon field lies between the East Moruga and Beach Marcelle fields in south-eastern Trinidad. The Icacos oilfield lies on the Cedros Peninsular in southwest Trinidad. The Bonasse Field is located in the South West Peninsula.
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