Ratio Guyana Faces Deadline

Guyana’s government is holding Ratio Guyana Limited to account as it waits for a detailed two-year work plan—including drilling a new well—to move forward with the Kaieteur Block. Though Ratio sent preliminary ideas after a June 12 deadline, officials demand more clarity before proceeding. The Israeli-backed Ratio Petroleum is seeking an extension while also negotiating a new partner, having already signaled possible withdrawal or area reduction. Since ExxonMobil and Hess exited, Ratio has struggled to find a new cooperator, with potential partners backing out over high geological risks and low profitability prospects. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f56eef62919b5281