DEC-5-2019: FRONTERA 2020 CAPITAL PLANObservations:
1. Frontera/CGX will provide a resoure report for the two block offshore Guyana in 1H of 2020.
2. Drilling locations on each block will be selected in 1H of 2020.
3. Drilling to commence in Q3 2020
4. Frontera capital budget assumes they will maintating their 33% interest in the Corentyne and Demerara License - with 8.5% gross carry for first 2 wells on each license. Read-through here is that a JV will likely be announced prior to drilling...
https://fronteraenergy.mediaroom.com/2019-12-05-Frontera-Announces-2020-Capital-Plan-and-Guidance-Information