Apache (APA) and Total (TOT) announced a significant discovery in Suriname. This discovery continues the string of discoveries made by the Exxon Mobil (XOM) and Hess (HES) partnership in neighboring Guyana into the next country. Clearly, the market is hoping for a whole lot more good news as the stock clearly responded positively to the announcement of the discovery.
However, the distance in time between a discovery and the beginning of cash flow is considerable. Usually, about 7 years' time is needed to fully evaluate the discovery and begin production. Often, the good news of