“We are delighted to add the Tabaquite Block to our portfolio in Trinidad. The Tabaquite fields represent excellent candidates for reactivation and whilst the fields have become non-core to Trinity, LGO’s proven ability to reactivate oil fields and successfully drill infill wells makes this acquisition a natural extension of our asset base in Trinidad.” LGO Energy plc CEO Neil Ritson
Trinity Exploration & Production plc yesterday announced in a statement to the London Stock Exchange that it has signed a sale and purchase agreement (SPA) to sell the company’s interests in Tabaquite Exploration and Production Company Ltd (the Tabaquite block) to LGO Energy plc for US$2 million.
Read the full story in the Trinidad and Tobago Guardian Newspaper here.