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CGX And Frontera Announce Light Oil And Gas Condensate Discovery At The Kawa-1 Exploration Well, Offshore Guyana
CGX And Frontera Announce Light Oil And Gas Condensate Discovery At The Kawa-1 Exploratio...
About this update from Frontera Energy Corporation
[{"type":"text","content":"\n \n \n \n CGX And Frontera Announce Light Oil And Gas Condensate Discovery At The Kawa-1 Exploration Well, Offshore Guyana\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n 228 Feet (69 Metres) Of Net Pay Identified Across\n \n \n \n The Maastrichtian, Campanian, Santonian And Coniacian Horizons\n \n \n \n \n Third-Party Analyses Indicate Light Oil In Santonian And Coniacian,\n \n \n \n Gas Condensate In Maastrichtian and Campanian\n \n \n \n \n Kawa-1 Findings Are Consistent With Discovery Wells Reported By Other Operators Adjacent To The Corentyne Block\n \n \n \n \n Additional Potential Exists In The Central Channel Complexes Between Wei-1 And Kawa-1 And Is The Focus Of Ongoing Technical Work\n \n \n \n \n Kawa-1 Results De-Risk Equivalent Oil Targets Anticipated At The Wei-1 Exploration Well, Expected To Be Spud In 3Q'22\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 9, 2022\n \n \n /CNW/ - CGX Energy Inc. (TSXV: OYL) (\"\n \n CGX\n \n \") and Frontera Energy Corporation (TSX: FEC) (\"\n \n Frontera\n \n \"), joint venture partners (the \"\n \n Joint Venture\n \n \") in the Petroleum Prospecting License for the Corentyne block offshore\n \n Guyana\n \n , today announced integrated results from the Kawa-1 exploration well, offshore\n \n Guyana\n \n . The Kawa-1 well was drilled in water depth of approximately 355 metres (1,174 ft) to a total depth of 21,578 feet (6,577 metres) in the northern portion of the Corentyne block.\n \n \n \n \"The Joint Venture is pleased to announce that it has successfully discovered light oil in the Santonian and Coniacian and gas condensate in the Maastrichtian and Campanian at the Kawa-1 exploration well, offshore\n \n Guyana\n \n ,\" said\n \n Gabriel de Alba\n \n , Chairman of Frontera's Board of Directors and Co-Chairman of CGX's Board of Directors. \"The Kawa-1 discovery adds to the growing success story unfolding offshore\n \n Guyana\n \n and the integrated Kawa-1 well results further support our belief in the potentially transformational opportunity the Joint Venture has in one of the m...