RE:RE:RE:RE:The significance of the Carapa-1 well Chat Man, we all have to make our own choises here.
The Carapa-1 is for free, i f it is heavy oil EOG have to attack the deeper Upper creataceous targets. If it is light oil we have a scenario that opens up for the shallow water targets. Less expensiv development and several more potential targets. A huge boost for EOG. For free ticket for where to focus, allocating capital most effective.
If it is dry, Repsol et al surely will test another target in the block after learning from the geologics from the Carapa-1 well and the rest of the context. As said in earlier post, look upp the actual strata and the different targets. From the North Sea we are not used to 20 targets in each block, two-four is fair enough. The upside here is, either way, enormous.