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Joe discovery proves shallow low-cost plays exist in Guyana

Depth map with depth contours over the Joe well at the Orinduik Block, offshore Guyana

The discovery of 52 feet (16 meters) of continuous high quality oil-bearing thick sandstone at the Joe-1 exploration well offshore Guyana is being viewed as a significant development by the explorers on the block, particularly since it opens a new play and further defines potential targets.

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