Westmount Engy. Share Price (WTE)

exxon is obligated by its contract with RP to take a final decision of a second well in kaieteur or relinquish its interest in the block 9 months after the tanager-1 results, that means by the 17.8.21.

looking at the new kaieteur cpr, there are 3 key areas- one at the north, one at the sw where the matrichian discovery is and where KF has a 400m boe at the matrichian interval and the se where jabillo-1 will be drilled and might extends to kaieteur.

i believe exxon would like to complete the jabillo-1 drill before they need to decide which prospect they choose, in order to do that they need to spud at the beginning of june at the latest.

the plan was to do spud by the end of may but that time frame didnt take in account the B-1 operations.

i hope they will go for jabillo before kobei-1 for the above reasons and spud right after the B-1 ops complete.

From oilnow:

"ExxonMobil said in March Bulletwood-1 encountered quality reservoirs but non-commercial hydrocarbons. “Bulletwood-1, the first well in the Canje block has confirmed our seismic interpretation of the geology and shown evidence of non-commercial hydrocarbons,” ExxonMobil Guyana Public and Government Affairs Advisor, Janelle Persaud had said. OilNOW understands that the current drilling operations at Bulletwood-1 is to wrap up work at the well site."

Thanks Harel for sharing.

Just got an email response from the company, looks like the stena couldnt complete the p&a at b-1 due to pressure issues and now will finish the job and move on to kobei-1.
Cant understand why it should take six weeks, if it will take that long then jabillo will be spud around august.

Just how far is Bulletwood-1 from Koebi-1? Are they thinking they could be linked?
Haven't heard anything about Koebi-1 yet?