Cap Energy: Regional Success Continues
Edison | Feb 15, 2016 08:45AM ET
Cap Energy’s portfolio in Guinea-Bissau and Senegal is ideally positioned 15 February 2016 to benefit from continued exploration success across the region. Cairn Energy Plc (L:CNE) has followed up its play-opening SNE-1 and FAN-1 discoveries in 2014 with an appraisal programme that has demonstrated commercial production rates in SNE. Meanwhile, Kosmos Energy Ltd (N:KOS) has established the presence of 17tcf of gas in its Greater Tortue complex that straddles Mauritania and Senegal. Following a farm-out option with FAR, Cap will have access to 3D across its Djiffere block in Senegal, while we expect the final report on its 3D survey across Block 5B in Guinea-Bissau imminently.
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