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SES - Contango Oil & Gas Highlights - July 2, 2020
In Grand Isle block 45, Contango Oil & Gas’ Iron Flea exploration well was unsuccessful. The prospect, drilled in 12,500 ft of water at an estimated dry hole cost of over $7 million, had targeted 21 MMboe in reserve potential. Contango drilled the well in a joint development agreement with Juneau Oil & Gas. Contango would have acquired 85-90% in the well in the case of a......
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