Positioned for Guyana Atlantic Basin Success
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CGX preparing to drill four high impact wells in the Guyana Suriname Basin to test multi-billion barrel class resource potential
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Proven hydrocarbon system with highly prospective deep water plays in shallow water
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Fully funded for two offshore wells - Eagle-1 well (100%) on Corentyne license to be drilled to 4,200 metres - Ocean Saratoga Semi-Submersible drill rig contracted -- Jaguar 1 well (25% with Repsol (operator), Tullow and YPF) on Georgetown license to be drilled to 6,500 metres - Atwood Beacon jack-up rig contracted
CGX is stating that they will be spudding 4 wells but only have money for two, to make a statement like that you have to assume they know that they will be be able to fund the other two. As well to keep the Saratoga after the Eagle shallow spud they will have to have funding in place soon.
Sounds like a JVP or two is probably a given. JMO or guess.