Nicely said phx,
Yes, all junior o & g high risk / high reward. Exciting but as always best to play with what you can afford.
I'm researching Guyana right now. There's a lesson there. Exxon stunning success on about 15 wells in their block but next door Tullow hit heavy oil with high sulphur in 2 wells and Repsol non commercial good quality oil in Carapa-1 and water bearing in another well last year.
Success in one area of a basin doesn't mean same in another. Many risk factors to contend with.
Even now, Venus commerciality still being tested. Need strong flow rate as very deepwater.
General Thoughts, page-724
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