LGO today announced that that Well GY673 discovered a total net oil pay of 794 ft with 657 ft being in the Goudron Sands and 140 ft in the lower C-Sands.
LGO also announced that the company has submitted to the environmental authority an application to increase the current drilling of 30 wells to at least 60 wells. Note the word AT LEAST.
All, in all, an awesome result.
My disclosure: I am long LGO.
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