A two-well PETRONAS exploration contract is expected to start in Q4 2026 for up to seven months; an INEOS extension carries a $115,000 operating day rate.
Initial drilling at Howler, about 750 metres from Jons Trend, yielded a best intercept of 7.7 metres at 1.30 g/t gold; Miata intends more drilling there.
ExxonMobil said it sees the next wave of large oil and natural gas discoveries in South America's northern equatorial margin occurring in Brazil, following success in Guyana and Suriname.