Murphy CEO on Suriname This is pretty interesting. From a Q&A with Murphy's recent earnings call. They felt that updip seal was the problem with their wells in Suriname. Then CGX paid for a new 3D seismic to better assess the updip seal on Eagle. Coincidence? Expect Murphy to be one of the JV suitors if the seismic has good results.
Mark Gilman - The Benchmark Company, LLC, Research Division
A couple of things. David, that new block in Suriname that you've recently taken down, I think you took it down in December, can you talk a little bit about the play types that you're looking at, relative to both what you tested on the original block as well as the trends for margin play?
David M. Wood
Yes. So this is outboard of the block that we drilled the 2 wells on, which were dry holes. The primary reason for them being dry holes was updip seal issue. We believe that this block for the outboard and further down the slope has better opportunity for updip seal. It's also closer to the kitchen, not that, that distance means that much. It's really this updip seal piece that I think is the most important. So we've been doing 2 things. We've been working the block that we had and drilled the 2 wells on to see if there's an understanding that we can gain there, and then also recognized that perhaps the play is a little better for the outboard, and that's the reason for picking up the block. And at the same time we picked up this block, there was 3 other blocks picked up right around it. So I think several players now are getting comfortable with some of the key elements in the play, and we were just part of the group that kind of went out there and recognized this area with potential. So we've got to shoot 3D seismic, Mark, and so that's going to be kind of the next game and then ultimately, going into drilling.
Mark Gilman - The Benchmark Company, LLC, Research Division
So the play concept is analogous to, say -- or there are play concepts on the block analogous to today is [ph]? [I think that this is" analogous to Zaedyus"]
David M. Wood
Yes. I don't -- I haven't seen any data on that particular discovery. But understanding what the play is about, yes, I would say that this area has similar elements, but I don't have 3D. And once I get 3D, I think we'll have a much better idea of exactly what we're going to drill. But similar type of things, yes. The critical issue, updip seal, we believe is better addressed in this particular block.
https://seekingalpha.com/article/322490-murphy-oil-s-ceo-discusses-q4-2011-results-earnings-call-transcript?part=qanda