STAASTOLIE- KANKANTRIEInteresting commentary from Staasolie last month regarding the Kankatrie well. Recall this is the well that is adjacent to CGX’s Corentyne Block (currently being drilled).
After translation: “according to Exploration & Development Manager Rekha Bissumbhar, there is a critical well called ‘Kankantrie’ with an estimated amount of 800 million barrels....”
The article goes on to state the probability of success ranges from 10% to 27%.
Another near term catalyst to keep an eye on in terms of near shore prospects in less than 30m of water...
https://unitednews.sr/kankantrie-oliebron-kan-in-een-klap-economische-situatie-suriname-veranderen/