RE:RE:P50 est. for Corentyne Block = 2,5 billion barrelsNews coming soon regarding partner for our blocks? If we see a farm out of 33% to Exxon or Total and the take the opeations over the blocks, I think the share takes another huge step up, imagine Exxons expertise on 3D with a hit rate of +90%.
>>Quick summary:
3D - cleared with more than 13 prospects on the blocks
P50 of 2,5 Billion barrels on the main 2 prospects
Exxon has hit oil on 13 of 14 drills in the absolute close area (COS > 40-60%)
Financing secured and fixed for the first drill
New block Partner fixed
67% of the block in CXG books so far (Exxon or Total may take half of that)
Drill rig now on contract
I would not be surprised if the Share price will go 5-10 times to 2,5 - 5 dollars on the facts above in the close future when the market recovers.
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