Pre open Friday 8th, page-80

just a few hours ago this came up. The Venus 1-X well in block 2913B encountered around 84 m (275 ft) of net oil pay in a Lower Cretaceous reservoir, with rumors of a multi-billion bbl resource.According to Graeme Bagley, head of Global Exploration & Appraisal at Westwood, analysis suggests the Lower Cretaceous Venus play could potential cover an area of up to ~58,000 sq km (22,394 sq mi), comparable to the Upper Cretaceous offshore Suriname-Guyana. So a similar-scale oil province is possible assuming that the traps are present and the deepwater reservoirs are widespread and of sufficient quality.All the prospective acreage appears to have been snapped up already under fiscal terms that reflect the basins’ high-risk frontier nature.