Predict your next investment

JHI Associates company logo
ENERGY & UTILITIES | Oil & Gas Production & Exploration
jhiassociates.com

See what CB Insights has to offer

Stage

Corporate Minority | Alive

Total Raised

$11.82M

Valuation

$0000 

Last Raised

$10M | 5 mos ago

About JHI Associates

JHI Associates is an oil and gas exploration company focused on frontier exploration in the Guyana-Suriname Basin.

JHI Associates Headquarter Location

130 Adelaide Street West Suite 3002

Toronto, Ontario, M5H 3P5,

Canada

705-888-2756

Latest JHI Associates News

Eco Atlantic Oil and Gas eyes next wells offshore Guyana and Namibia

Nov 1, 2021

Eco Atlantic Oil and Gas eyes next wells offshore Guyana and Namibia "Each additional well drilled in the basin, both commercially developed or drilled and abandoned, adds to our understanding of the area," said chief operating officer Colin Kinley. Eco Atlantic Oil and Gas Ltd (AIM:ECO) chief operating officer Colin Kinley says the team is “very focussed” on selecting the next well target at the Orinduik project, as an associate’s well nearby made a non-commercial oil discovery. The Exxon-operated Sapote-1 well, in the Canje block, was drilled down to 6,758 metres by Exxon and it found non-commercial hydrocarbons in one of the well’s deeper exploration targets. Eco has an indirect interest in the well via its 6.4% shareholding in in JHI Associates Inc which is a minority partner with 17.5% of the Canje block. The well provides further insights into the region’s geology. "We are very focused on careful selection of the next target to drill on Orinduik,” Kinley said in a statement. “The process has taken longer than we would have liked with prolongation through reprocessing and Covid-19 constraints. “However, each additional well drilled in the Basin, both commercially developed or drilled and abandoned, adds to our understanding of the area. “We, and our partners, remain committed to good practice in the well location selection. We are fully funded for our share of the next well and are pushing the operator, towards a committed location, defined drilling date and rig contract." Eyes on 2022 wells at Canje At Canje, the joint venture group – which comprises Exxon, TotalEnergies, JHI and Mid-Atlantic Oil & Gas Inc – will now move to analyse and integrate the well data obtained in the 2021 drill programme at Canje, to high-grade possible future targets on the block. Significantly, Westmount noted that Exxon has already made an application to Guyana’s environmental authorities in respect of a 12-well drill programme on the block slated for 2022. JHI has one remaining ‘cost carried’ well under a 2018 farm-out deal with Total. Exxon is leading the oil and gas industry offshore Guyana where it has unearthed several billion barrels of resources in the Stabroek block which hosts the Liza field – which is yielding 120,000 bopd from its first phase development and is set to expand with new floating production facilities in 2022. Eco sees progress in Namibia The company this morning added that it has approvals for all its paying partners in Nambia, for drafts of four new joint operating agreements. Eco is confirmed as the project operator by Namibia's Ministry of Mines and Energy, and, it has negotiated the reissuance and establishment of a new 10-year life cycle for each of the four project areas. Elsewhere, offshore Namibia, the company will keenly watch for drilling progress with third-party wells in nearby projects operated by TotalEnergies (drilling Venus-1) and Royal Dutch Shell (Graff-1) respectively. “We look forward to the drilling campaigns planned in Q4 at Venus-1 and Graff-1,” Kinley added. “TotalEnergies, Shell and ExxonMobil rank amongst the leading oil finders in the world, and their activity in the area is indicative of how the understanding of prospects in Namibia is gaining maturity. “Eco is a long time player in Namibia and continues to work to define opportunities in increasing shareholder value through exploration and strategic corporate activities." Quick facts: Eco (Atlantic) Oil & Gas Ltd Follow

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

JHI Associates Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

JHI Associates Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.