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Message: What Shell thinks about the Guyana Basin

What Shell thinks about the Guyana Basin

posted on Feb 04, 2010 06:28PM

This is an excerpt from Royal Dutch Shell's Fourth Quarter 2009 Earnings call, given by their CEO Peter Voser:

"We have also added new acreage positions in '09. Some of this acreage builds on our strong positions in our core basins, where there are proven hydrocarbon systems, like Australia and the United States. But we have also stepped out a bit in '09. Some of the new acreage, for example in Guyana, is in frontier basins, where the terms are attractive relative to the upside potential. So again, good progress on portfolio."

The full report is here: http://seekingalpha.com/article/186695-royal-dutch-shell-q4-2009-earnings-call-transcript

No surprise to any one of us who have been following the CGX story, but always nice to have affirmation from a major.

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