Hi folder,
Look forward to the drilling activity. Here's a crop from their web site. Be excellent to have successes on both sides of our acreage!
Cheers,
xmagx
Offshore | World-Class Prospects | Guyana Exploration
USGS has identified the Guyana/Suriname Basin as the 2nd most attractive under-explored basin in the world Mid-point oil resource potential: 15.2 billion bbls Gas resource potential: 42 trillion cubic ft Tambaredjo (170 mmbbls recoverable) and Calcutta (15 mmbbls), onshore Suriname, are the only discoveries to date in the Guyana/Suriname Basin Rampant exploration in Trinidad supports the burgeoning petrochemical industry US$4 billion exploration and development forecast for Deltana platform, offshore Venezuela. Resource potential estimated by PdVsa to be 38-80 trillion cubic ft of gas Repsol and Maersk are each negotiating new PSCs offshore Suriname Border dispute between Guyana and Suriname has frozen offshore exploration since June 2000.
Corentyne Licence
(CGX 100%)
3.8 million acres
11000 km of vintage (1973-1990) seismic
1800 km (1999) state-of-the-art 2-D seismic
2 drill-ready targets in area of dispute
Eagle — 800 million bbl potential
Wishbone — 400 million bbl potential
Reconnaissance exploration onshore Oct 03
Anomalous seismic feature on western Annex
Georgetown Licence
(CGX 25%, Repsol 75%)
2.8 million acres
700 km (1999) 2-D seismic
Giant potential in the area of dispute
CGX estimates similar potential in turbidite trend
Repsol estimates >1 billion bbls in Canyon play
HDR
hardman resources limited
