Entorno de Iara 2 well also confirmed the discovery of good quality oil (26º API) in carbonate reservoirs of excellent quality below the salt layer at a depth of 5,116 m (16,786 ft). The well confirmed a 526 m (1,726 ft) thick oil column, it said.
the part I like is 3 subsalt fields account for 9/14 billion bbl of Brazil's reserves. the offshore wells will produce for 50x more oil for 20 years vs 2 years than a fracked shale will.
BWC fills a very narrow niche that often appears more like a ditch. The opportunity to grow is somewhat slow so be careful what you do with your dough.
with all the talk about a skills shortage and lack of education, it is ironic this company is tanking given all the educated people it employs