Leni Gas & Oil plc, a com­pa­ny based on Lon­don's ju­nior stock ex­change, yes­ter­day an­nounced that it was tak­ing con­trol of the fi­nal trans­fer of 100 per cent own­er­ship of the Goudron Field in­cre­men­tal pro­duc­tion ser­vice con­tract (IP­SC) from the cur­rent con­tract own­er Cameron Oil and Gas Ltd.

The Gour­don field is lo­cat­ed in south-east­ern Trinidad be­tween the East Moru­ga and Beach Mar­celle fields and has di­rect ac­cess to the Petrotrin oil ex­port pipeline to the Pointe-a-Pierre re­fin­ery in west­ern Trinidad. The IP­SC with Petrotrin re­mains in full force and all ap­provals were al­ready in place to as­sign the con­tract and op­er­a­tor­ship to Leni Gas & Oil from Cameron Oil and Gas, ac­cord­ing to a state­ment is­sued by Lon­don's AIM stock mar­ket.

The two oil com­pa­nies re­cent­ly an­nounced a workover pro­gram of five wells in col­lab­o­ra­tion with COGL and that work will now con­tin­ue un­in­ter­rupt­ed and will be ex­tend­ed to at least 30 ad­di­tion­al wells. Leni's chief ex­ec­u­tive, Neil Rit­son, said: "Com­ple­tion of the ac­qui­si­tion rep­re­sents the cul­mi­na­tion of a year's prepa­ra­tion and we are de­light­ed to now take op­er­a­tor­ship of the field.

Leni Gas and Oil has re­cent­ly com­plet­ed an in­de­pen­dent re­serves re­port and we see enor­mous po­ten­tial for pro­duc­tion en­hance­ments and ad­di­tion­al fu­ture de­vel­op­ment of Goudron. An op­er­at­ed rig is al­ready ac­tive on the field and the re­sults from that pro­gramme will be avail­able short­ly." A re­cent in­de­pen­dent re­serves re­port by Chal­lenge En­er­gy Ltd re­port­ed proven and prob­a­ble re­serves of 7.2 mil­lion bar­rels and proven, prob­a­ble and pos­si­ble re­serves (3P) of 30.4 mil­lion bar­rels.