Guyana Acreage Availability There are only so many opportunities that present themselves in this prolific basin. It is a one shot opportunity for a major to replenish reserves that improve their Roi and net backs.
it is a one shot deal so if Exxon bids 1.5 billion for 30% and shell bids 2 billion. Second place gets to regret that they didn't up the ante.
That is why I think the numbers may surprise everyone as to how large they are.
this is the most sought after geographic oil play and it is right at the perfect time in the oil cycle for CGX/FEC!!!
good luck to all!!!
do your own due dilegence!!!
oil investor