RE:RE:Interesting development for Eco Atlantic In the Carapa-1 well the oils sulfur content below 1% and API at 27. That's excellent!
Let me remind you about the acctual producer in the North Sea, the Kraken field operated by EnQest. Production costs down from 20 to 18 USD. Shallow water, but deep high pressur oil. Heavy oil at API 13 and sulfur above 1%. This field is not as big as Jethro, but a stand alone field. See my earlier posts.
And now we have de risked the createous play in our block in shallow water.
In London Tullow was down at the opening, investors afraid of the 4 m thick pay. After that the potential in our block where Tullow has 60% stake seems to have get more attention.