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Clearly there's a bit of excitement in Uruguay. All over the news and social media. The minister had to put out a cool your jets statement.

Information OFFICIAL POSITION

Cosse on the discovery of hydrocarbons: "We have to be cautious and not get dizzy" The Minister of Industry, Energy and Mining said that "we have to continue working" and that "there is much analysis to do".

Friday, 20 October 2017 The Minister of Industry, Energy and Mining, Carolina Cosse, told the press on Friday that "we have to continue working and there are many more analyzes to do" after the announcement of hydrocarbon discovery in Paysandú.

The government made clear that despite the finding, it remains to be determined whether the discovery is marketable, "is a very important issue for the country, we have to be cautious and not dizzy," said Cosse.

On the other hand, the minister indicated that "we will not abound in information because there is no" and explained that everything we know at the time about the finding is referred to in the official communiqué issued by the Presidency. He also indicated that until no other novelty no more announcements will be issued.

The finding was made at the Cerro Padilla X-1 well located northeast of Paysandú. According to official information, a depth of 845 meters was reached. "The profile analysis showed 2 meters of sand with oil saturation at a depth of 793 meters (Ancap at first reported that they were 973 meters, but then corrected the information). Fluorescence (which is the analysis that allows the presence of hydrocarbons to be detected) occurred throughout the entire interval, "the presidential statement said.

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