Here is the info on the Eni field it discovered south of the SOQ offshore block (note this is a gas field with lots of liquids in it as SOQ's well had):
The location is in Area D, 22 km (13.7 mi) from the producing Bahr Essalam field. Eni North has a 100% operated interest in the concession.
The B1-16/4 discovery well, drilled in 150 m (492 ft) of water, encountered gas and condensates in the Eocoen-age Metlaoui formation.
During testing, constrained by surface facilities, the well flowed 29 MMcf/d (821,189 cm/d) of gas and more than 600 b/d of condensate with a 64/64-in. choke. In a production scenario, the well could deliver more than 50 MMcf/d (1.4 MMcm/d) and 1,000 b/d, Eni added.
I have positioned myself where I have dividend paying major oil stocks, but also have 1/2 my cash in 2% SVF ready to buy if major oil companies drop in price resulting in the dividends going up. A major like Exxon etc can and will pay their dividends, and unlike the 2008-09 recession Exxon's dividend now is $2.76, or about 3% vs the miserable 1.7% dividend it paid during the recession. I have not seen an article related to how the dividend today is holding up the price per share now much better than it did during the recession.
Do other people see this difference between the 3% dividend now vs the 1.7% dividend during the recession as a reason to hold Exxon? Regards.