Frontera Energy Corp T.FEC

Value of the Corentyne Block?

[kcac1]

What Artificial Intelligence says, when asked about the value of the Corentyne Block. In reading this, it surely appears that Corentyne is an extenstion of the Stabroek Block.

If so, and Big Oil agrees, what would be the value of the Corentyne block in your opinion? More or less than the value of the Bahia port? Which I surely think should bring, at minimum, the very rock bottom price of the $1Bil cost to build. But, easily could go for twice that or more.

"The Corentyne oil block, located offshore Guyana, has been the focus of exploration due to its significant potential. According to independent evaluations, the northern section of the Corentyne Block is estimated to contain between 1.5 billion to 7.3 billion barrels of oil equivalent¹. Another estimate suggests that the northern Corentyne area holds between 514 and 628 million barrels of oil equivalent in prospective resources². These figures highlight the substantial value associated with this block.

The Corentyne oil block in offshore Guyana has several noteworthy geological features:

1. Seismic Data and Prospects:

   • State-of-the-art 3D seismic data was acquired over the northern region of the Corentyne Block, enhancing its prospectivity.
   • New information led to the identification of multiple low-risk prospects within the block.
   • The recent discoveries in adjacent blocks (Stabroek and Block 58) have positive implications for Corentyne’s exploration potential.

2. Oil Trapping Mechanisms:

   • Oil has migrated into the Corentyne area, similar to Exxon blocks.
   • Oil is trapped in both sandstones (like Liza) and limestones (like Ranger).
   • It’s found in Cretaceous (e.g., Maka Central, Sapakara West, Kwaskwasi) and Tertiary (e.g., Hammerhead) aged rocks.

3. Recent Discoveries:

   • The northern Corentyne area is expected to have light oil, condensate, and gas with low sulfur content.
   • Notable discoveries adjacent to Corentyne include Pluma, Haimara, Maka Central, and Kwaskwasi.
   • These discoveries highlight the significant hydrocarbon potential in the region¹².

4. Kawa-1 Well:

   • The Kawa-1 well, CGX’s first discovery in Corentyne, struck light oil and gas condensate in May 2022.
   •  
5. • The primary target in the Kawa-1 well was Santonian sand, with secondary objectives in shallower Campanian sand and deeper Santonian sand³.

The Wei-1 well, located approximately 200 kilometers offshore from Georgetown, Guyana, is part of the Corentyne block. Here are the key details:

• Net Pay: The Wei-1 well has discovered a total of 114 feet (35 meters) of net pay. This confirms the significant oil resource potential of the Corentyne block¹².
• Rock Quality: The rock quality in the Maastrichtian horizon at Wei-1 is analogous to that reported in the Liza Discovery on the Stabroek block.
• Overall Potential: The Corentyne block has a total net pay of 342 feet (104 meters) across various zones, including Maastrichtian, Campanian, and Santonian sands.
• Strategic Options: Houlihan Lokey, a global investment bank, is actively exploring strategic options for the Corentyne block, including a potential sale or farm down¹.

The Wei-1 well, located approximately 200 kilometers offshore from Georgetown, Guyana, is part of the Corentyne block. Here are the key details:

• Net Pay: The Wei-1 well has discovered a total of 114 feet (35 meters) of net pay. This confirms the significant oil resource potential of the Corentyne block¹².
• Rock Quality: The rock quality in the Maastrichtian horizon at Wei-1 is analogous to that reported in the Liza Discovery on the Stabroek block.
• Overall Potential: The Corentyne block has a total net pay of 342 feet (104 meters) across various zones, including Maastrichtian, Campanian, and Santonian sands.
• Strategic Options: Houlihan Lokey, a global investment bank, is actively exploring strategic options for the Corentyne block, including a potential farm down¹.

These discoveries add to Guyana’s growing prominence as an attractive oil and gas destination. In summary, the Corentyne Block holds substantial exploration potential and value. And its geological features make it an exciting area for oil and gas exploration. ¹³²"

 

[Frank007]

I guess you and I are the only ones that know this ...by the way is traded ...lol