Why Eco Atlantic is buying into JHI Associates Present across the Guyana-Suriname Basin is the Cenomanian/Turonian source, which is locally known as the “Canje source rock.” This source has been actively generating hydrocarbons for ~6 million years. The Canje Block is also covered by a much thicker and older Lower Albian source rock which was in place and generating hydrocarbons for over 40 million years.
The proximity to these world-class source rocks means that reservoirs on the Canje block are in direct contact with the source, and are charged through vertical migration. Effectively, Canje’s reservoirs are filled first before hydrocarbons migrate up-dip to other blocks.
So far the information from the JHI website.
In essence, Eco Atlantic is applying the same approach as in Namibia. Get in early and wait until the prosperity of the Block gets proven and sell when the price is right.
I am long in EOG, CGX, AOI, AFE and CHAR