RE:now i hopeCloudy, yes I did sell just after Kawa spud on the rally when it went up to as high as 2.70, if memory serves because I know how tricky and expensive it is to drill those pressure inversions. At Shell Abary in 1975 the well was kicking while they were losing mud to the hole. Gave them all kinds of grief. Repsol Jaguar 1 ran into so much pressure that they had to abandon drilling. In fact, most in our network of invedtors sold back then thinking that cgx/fec didn't have the money to handle the problems that the majors ran into.
How does tiny cgx and fec find the cash to even drill wells like thst, much less complete them? How much would it cost to complete those wells? 50, 60, 70 million with deepwater rig spreadsheet costs at around $1 milliin per day? They've needed a partner even before Kawa spud. My hats off to them for managing to even drill Kawa and Wei on their own. Job well done! Now going forward, no partners have stepped forward as of yet. And this bluster from the Guyanese government confuses me. Through their ministry of energy/natural resources they know exactly what the JV has found because if they operate like other ministries they get the cuttings samples, logs, well data sets etc. They must know thst it's a question of finding the money now. Cut them some slack. A couple of appraisal wells down to the Maas would calm any doubts.