Re: Frontera Energy versus CGX Energy share discount for Kaka-1 well, Guyana offshore
Frontera has, I hope, a huge advantage over the likes of Tullow and Kosmos, since they have the benefit of seismic on numerous successful and/or heavy sour/dry holes that have preceded Kawa-1. Total reports in the morning, hopefully including a block 58 update. Some in the business have questioned how good the formation seals are in block 58, and we won't really know until we get some well flow and pressure tests. The last two block 58 wells failed to get to final depth, due to over pressured conditions, so there may be even further untapped potential.