Hokchi suspended as an oil discovery the Tolteca 1EXP directional new-field wildcat (NFW) in the CNH-R03-L01-AS-CS-15/2018 contract in the offshore Sureste Basin during early-November 2019 according to partner Talos.     Partner      Talos reported on 6 November 2019 that the Tolteca 1EXP had 37 m of gross      pay with 36 m of net pay in the Lower Pliocene and the deeper of two sands      logged in the Xaxamani 2EXP. The oil-water contact was not penetrated, and      the areal extent is estimated to be larger than previously interpreted.  The NFW was      spudded on 4 September 2019.  The NFW had      a proposed total depth (PTD) of 2,600 m measured depth (MD) and 1,843 m      true vertical depth (TVD).  The Tolteca      prospect had two primary, wildcat objectives in the Lower Miocene, but      will also traverse the Lower Pliocene productive in the Xaxamani      discovery, and so this is a secondary new-pool objective in this separate      fault block.   The      Tolteca 1EXP prospect is located 2.8 km north-west of the Xaxamani 2EXP      new-pool wildcat (NPW) drilled prior to this spud.   The      unrisked prospective resources are 32.3 MMboe and the risked prospective      resources are reported to be 4.85 MMboe.  On      8 August 2019, the CNH approved the drilling permit request submitted by      operator Hokchi for the Tolteca 1EXP directional new-field wildcat (NFW)   Hokchi      is operator of the contract with 75% working interest and lone partner      Talos with 25%. On 12 July 2019, the CNH approved a modification to the      exploration plan submitted by operator Hokchi on 31 May 2019 for the      CNH-R03-L01-AS-CS-15/2018 contract in the offshore Sureste Basin.
Mexico (Comalcalco Sub-basin (Sureste B.)) Hokchi