Betting the FarmKawa-1 well lacks published data such as porosity, flow rates etc. Looks like Corentyne block is gas-prone. Wei-1 could be a long wait for completion. Huge bet at $125 million.
CGX reminded me of Eco Atlantic oil well in offshore Guyana drilled by Exxon in 2021 that said initially to have found light oil, but subsequently determined to be non- commercial heavy oil.
There is an outstanding question on the determination in the $19 million convertible bonds and the JOA due on 30 Nov.