Monday, May 23, 2011
Leni Gas & Oil plc
Leni Gas & Oil announced resumption of operations in the Gulf of Mexico following the recent announcements by Leed Petroleum plc ("Leed").
Leed has announced that it has sold all its Gulf of Mexico properties and LGO has been advised that the new operator will be Marlin Energy LLC ("Marlin"), a private oil and gas operations company, based in Lafayette, Louisiana.
LGO met with Marlin last week and expect that production operations at Eugene Island 184 will be restored by early June and understand that Marlin are planning new sidetrack developments on EI 184 in the coming months to lift production.
Neil Ritson, LGO's Chief Executive, stated, "We are pleased that the operations will shortly be restored and that the hiatus has been kept as brief as possible, and we look forward to working with the new operator in order to accelerate the pace of development on these properties."
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