International · Farm-Out

Pre-Discovery Positioning
That Rewrote the Basin

Secured frontier acreage before any basin discoveries were made. Led two farm-out transactions with ExxonMobil and TotalEnergies, generating $100M+ in lease bonuses and ~$350M in drilling and seismic carries.

$350M+
FARM-OUT CARRIES
TYPE
Farm-Out / Pre-Discovery Acreage
BASIN
Canje Block, Offshore Guyana
PARTNERS
ExxonMobil, TotalEnergies
Project Overview

Canje Block

Dolomite's principals secured the Canje Block offshore Guyana before any major basin discoveries had been announced — years before ExxonMobil's now-famous Liza discovery established Guyana as a world-class oil province.

BACKGROUND

The Canje Block opportunity represented exactly what Dolomite's principals are built for: early-stage frontier positioning ahead of the market, with deep operator relationships providing access that institutional capital simply cannot replicate through traditional channels.

POSITIONING

Through a combination of geological analysis and operator relationships, Dolomite's principals identified Canje as having significant prospectivity — and secured acreage before the basin became a global focus.

FARM-OUT TRANSACTIONS

Once the geological case was established and operator interest confirmed, Dolomite's principals led two separate farm-out transactions — bringing in ExxonMobil as the first supermajor partner, followed by TotalEnergies.

ECONOMIC OUTCOME

The farm-out transactions generated $100M+ in lease bonus payments and approximately $350M in drilling and seismic carries — a total value creation event exceeding $450M through proprietary early-stage positioning.

PROJECT FACTS
TYPE
Farm-Out / Pre-Discovery Acreage
BASIN
Canje Block, Offshore Guyana
PARTNERS
ExxonMobil, TotalEnergies
LEASE BONUSES
$100M+
DRILLING CARRIES
~$350M
TOTAL VALUE
$450M+ in value created
PRINCIPAL INVOLVED
Dick Boyce
Richard "Dick" Boyce
CEO · Lead Principal
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