Market Impact: Positive. The farm-down of a 20% WI in the Coati Block (60% WI post farm-out) and the identification of the N Sand formation on the Platanillo Block (100% WI) are positive and offset the uncommercial well results of the Jaguarete-1 well in Paraguay. We previously assigned zero value to the Jaguarete-1 well.
17 Jun 2016
PROVIDES OPERATIONAL UPDATE
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PROVIDES OPERATIONAL UPDATE
Market Impact: Positive. The farm-down of a 20% WI in the Coati Block (60% WI post farm-out) and the identification of the N Sand formation on the Platanillo Block (100% WI) are positive and offset the uncommercial well results of the Jaguarete-1 well in Paraguay. We previously assigned zero value to the Jaguarete-1 well.