RE:NOV-13: HESS COMMENTS ON HAMMERHEAD (HEAVY OIL)Would recommend investors in the Guyana Basin, including CGX shareholders,
to listen to the HESS Naovember 13 webcast posted on their website.
Reading a transcript is informative - but, listening helps clarify tone.
Hess confirmed Hammerhead (tertiary) is in indeed 'heavier' oil as compared to Liza and other Cretaceous discoveries. However, Hammerhead is commercial and expected to be perhaps their 4th project they will FID.
In further response to Tullow's comments yesterday - Hess simply stated its "irrelevant".
As mentioned in earlier post - a flow test (DST) on Jethro / Joe will need to be done to determine commerciality. Until then, investors are left to speculate.