Article on Suriname, Block 58, and a Wei mentionI have to agree with Frank, Frontera Guyana or FEC likely will be sold within months, UNLESS the well somehow sucks or they go into some type of advanced testing. Any chance they do flow tests like it appears they did in Block 58 to interconnect two wells?
They did not just suddenly break up the company into 3 sellable parts for any reason I can think of but to be able to now potentially sell the Port and pipelines and the Guyana concession separate from the Colombian oil company The Wei is mentioned in this article in the link at the bottom.
This was one of the answers to a question Christine asked about the geology and oil in the recent Q1 Q and A . Not sure what the indiscernible means but mentions block 58, but many of their answers are not very clear as clearly indicated in this quote from the Q & A:
"Second one is basically in regards to your questrions abou the oil in Masstrichtian and Campanian and more like [indisernible] or block 58. Basically the point is, in there is that we are still analyzing the data. When we released was the information that we have so far. And whilst we get the the get [CPE-6] and the well, and we are able to analyze the data, we might make some more really more information about this, right? But basically, we are encouraged and then we are going to analyze the information and intergrated" ??????????
Suriname’s Much-Needed Oil Boom May Soon Be Back On Course | OilPrice.com