RE: In Other News4 Jan 2021 08:07
Good point. Lower cruise Saffron 2 news expected this month. Will provide a reassuring P1 hedge.
From Q2 2020
"We have found what we were looking for - the Saffron well has discovered oil in both the Lower Cruse and Middle Cruse formations in the South West Peninsula, onshore Trinidad,” Columbus executive chair Leo Koot said in a statement.
The group described a “high quality, light oil” in the Lower Cruse, with an API of around 40 degrees, in line with expectations that included an estimate for some 11.5mln barrels of resources.