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The Kawa1 Exploration Well Offshore Guyana has Spud

· Kawa1 is Expected to Reach Total Depth in the First Half of December 2021. Option Exercised With Maersk to Drill a Second Well. TORONTO, Aug. 23, 2021 /CNW/ Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") today announced the spudding of the Kawa1 exploration well, offshore Energy Inc. ("CGX") (TSXV: .

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Guyana Delivers Again As CGX And Frontera Hit The Mark ...

· To remind, the Kawa1 well was spud in August 2021, using the Maersk Discoverer rig. At the time, Frontera and CGX claimed it was one .

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GuyanaSuriname basin: ... a well may be spudded to test the Santonian Kawa prospect in 2021. ... to obtain early production at a low Brent breakeven price. Fig. 3.

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CGX's Kawa1 Well in Guyana Encounters Oil, but

· The current cost estimate of the Kawa1 well is now forecast to be approximately 115125 million. "The Joint Venture will provide an update on costs and will issue full exploration results of the Kawa1 well once total depth has been reached and results have been analyzed," the company added. Frontera said that CGX might be required to seek ...

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JOINT VENTURE ANNOUNCES DISCOVERY AT KAWA1 WELL, .

· The Kawa1 well was drilled to a depth of 21,578 feet (6,578 metres) and targeted the easternmost Campanian and Santonian channel/lobe complex on the northern section of the Corentyne block. The Kawa1 results support the Joint Venture's geological and geophysical models and have helped derisk equivalent targets in other parts of the Corentyne ...

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NEWS RELEASE CGX ENERGY INC. (TSXV | OYL) August 23, 2021

Head Office 333 Bay Street, Suite 1100 Toronto, ON, Canada M5H 2R2 T F NEWS RELEASE CGX ENERGY INC. (TSXV | OYL) August 23, 2021 THE KAWA1 EXPLORATION WELL OFFSHORE GUYANA HAS SPUD

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