News

March 02, 2009

Leni Gas & Oil and Leed Petroleum Have Something To cheer About Following Positive Drilling News From The Gulf Of Mexico

At first glance when you read a headline about Leni and Leed you might think we are writing about a new comedy act which has won a television celebrity contest. In fact, Leni Gas & Oil and Leed Petroleum are junior oil and gas companies, both quoted on London’s AIM, which currently believe they have something to cheer about.

Leed is a US based group whose operations are concentrated on the Gulf of Mexico region where the company has interests in 17 offshore fields which are in shallow water and deemed to be low risk/low prospects Currently the emphasis is on Eugene Island. The inventory of development acreage is spread across Blocks 183/184 which are located 50 miles offshore, south of Morgan City, Louisiana, in approximately 80 feet of water in the Gulf.

Earlier this year Leed indicated, that with oil...