Guyana PSA29 Jun 2026 07:42
Like this bit from the RNS -
In Guyana, Eco and Navitas continue to make strong progress in advanced negotiations with the Ministry of Natural Resources regarding the new Production Sharing Agreement ("PSA") for the Orinduik Block, with completion expected during Q3 2026.
The wording during Q3, is anytime soon and this is a new PSA agreement for Exploration, the wording sounds certain and I wonder if the Appraisal wells will continue under the old agreement.
The Guyana news as per new PSA agreements will have drilling dates. If the proactive approach continues with Navitas we may see an early 2027 drill.