Q3-2019: FRONTERA ENERGY Richard Hebert, CEO of Frontera Energy:
"Offshore Guyana, one of the world's most exciting exploration basins where Frontera is moving forward in its joint venture with local partner CGX, the 3D seismic acquisition program on the northern part of the Corentyne block has just been completed. With the Corentyne and Demerara blocks largely covered by high-quality 3D seismic, we are preparing to select drilling locations in each block for drilling in the second half of 2020. Recent nearby positive drilling results from two exploration wells drilled on the Orinduik block on the slope offshore Guyana, immediately adjacent to the Demerara block, have also de-risked a number of high-quality exploration prospects on our blocks."
The 3D seismic acquisition program has been successfully completed on the northern section of the Corentyne block offshore Guyana. The 3D program covers approximately 582 km2 and will greatly enhance the geological understanding of the block and allow for further development and derisking of future exploration prospects.