Corentyne block leads are very close to discoveries such as Pluma and Haimara. In the map below, areas in green are oil discoveries, and areas in red are gas discoveries. source: http://cgxenergy.ca/cmsAssets/docs/financials/Year%202020/CGX%20MDA%20and%20Financials%20for%20quarter%20end%20-%20June%2030,%202020.pdf Let’s Dive Deep. Pluma ExxonMobil’s run of success continued with its 10th Guyana discovery on 3 December 2018.
As speculator, I’ve been very curious on how much production cut is in place, how much excess inventory still exists, and when will oil demand pick up again? Ultimately, I want to know when will an oil bull market return? Therefore, I started digging into production and demand data from
Cash source: http://www.fronteraenergy.ca/content/uploads/2020/09/September-2020-Corporate-Presentation-2Q2020.pdf Oil production Let’s skip this for now; there’s a lot of operating loss from low oil prices. From Frontera’s Q2 presentation MD&A, here’s a snapshot. The net loss was primarily caused by the operating loss of $79.9 million which was driven by lower oil pricerealizations from lower
Next Upcoming Catalysts Looks like quite a few. Chinook-1 Cas-Deep Coho-1 Production Production Plan for Cascadura-1ST1 well source: https://www.touchstoneexploration.com/wp-content/uploads/2020/09/September-Presentation-FINAL.pdf Thoughts Not a geologist, but are we seeing one HUGE gas resource? Coho, Chinook, Cascadura. I’m just reading in between the lines, and trying guess what some of the terms and
I don’t think resuming production ASAP is a priority right now. I believe it is critical, like Petrotal stated, for the Peruvian government to establish a dialogue with the natives in the area and come up with a solution to resolve conflicts. Petrotal is currently caught in the conflicts, and