Eco (Atlantic) Oil & Gas Ltd V.EOG

Sapote-1 spud

[Harel1976]

https://marad.gov.gy/wp-content/uploads/2021/08/No.-102_2021_EEPGL_Sapote_1_Drilling_Operation.pdf

[minigoon]

Nice find.

[Lonegaurdian19]

Sapote-1 is described as an independent multi-layer prospect, evaluating several Upper Cretaceous targets. It is the largest prospect drilled on the Canje block to date. wasn't the previous prospect expected to be a billion barrels? Anyone know Sapotes estimated size?

[dat51or]

LG, I was interested in answers to your question about Sapote's size, so I did a light search on Westmont and JHI websites. Nothing there that I could find. The is a prominent poster on the LSE board who used 1.3 billion in a valuation post a week back, but that was a number pulled out of the air. Our slice of JH I is 1.7 percent if I recall. If Sapote strikes it big, it could more than double

[argaiv]

I am not sure at what price oil gets valued at.  I remember the early days of Afiica Oil's discovery in Kenya and  I would hear $2 a barrel.  I guess for offshore discoveries you do not need to build a pipeline.

[Lonegaurdian19]

I believe according to Gil it was between $3-5 in ground