RE:RE:CGX conf. call - They open up for a possible delay of the november drill:
Jenny Xenos
Okay. Understood. And finally, on Guyana. What is the latest from the timing of cutting the Utakwaaka prospect there? And are there any updates on finding a partner? Or is that off the table?
Richard Herbert
So on the timing, we’re still evaluating timing. We’re actually, as I mentioned, we’re working hard to make sure that we have the best possible prospect inventory that we can generate in both blocks. And we are still in that process until we’re working with CGX and with the Guyanese government to just make sure that when we come to drill, we’re actually ready to drill the best prospects in the best locations. So that’s still an ongoing discussion. And when there’s news on that, we’ll obviously be able to share that.
And in terms of partners, again, really that’s a question for CGX, we have our position in the joint venture, which we’re very comfortable with, and at this stage, we have to ask CGX for their plans now for their equity.
Jenny Xenos
Okay. Great. But you’re comfortable with your position?
Richard Herbert
We’re very comfortable with our position, yes.
Jenny Xenos
Okay. Perfect. And just going back to the first exploration well, Utakwaaka, the one that’s supposed to be drilled by the end of November. Are you still hoping to spud it in kind of late August, September. Because I know the rig was supposed to come from Trinidad. What’s the update on that?
Richard Herbert
Just in terms of timing, we’re not going to be spudding a well in August or September at this stage, we’re reviewing the options on exactly when we start the drilling. And as soon as we got an update on that, Jenny, we’ll share it.
Gabriel de Alba
Just to add to what Richard is saying. Again, the context is, we want to have a robust portfolio of opportunities, instead of only narrowing to 1 at the moment. So what we understand, time is of the essence, we want to have multiple opportunities to what would be our first well.
Jenny Xenos
Is there a possibility then perhaps not drilling this well by the end of November, delaying that commitment to drill the first well by that time, and perhaps shooting your seismic and identifying your best prospect and drilling it then? Is there a possibility of that?
Gabriel de Alba
Yes. That could be a possibility, indeed.
Richard Herbert
We’re exploring a number of opportunities and options at the moment, Jenny, to make sure, as Gabriel said, that we get the best possible impact from a drilling program here.
Jenny Xenos
Thank you. That’s very helpful appreciate your time.