3 Questions?1. If FEC is sold as is, with the CGX shares part of the deal, and CGX kept a going concern but a subsidiary as it is now, could the $100's of millions deferred tax credits for exploration eventually be used by the new owner?
2. If FEC is sold as is, with the CGX shares as part of the deal would their old concession agreement and terms apply to the new owner if CGX is kept a going concern but a subsidary?
3. If FEC is sold as is, with the CGX shares as part of the deal and that FEC sale and terms are announced before any Wei well or basin news, how would the value of CGX shares be determined the day of that news? In that case, I could see FEC shares rising far more than CGX shares % wise.
Here is an answer to a question I recently asked Fluids Doc that may be of interest.
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@KCAC135 thanks for the kind words. I'll do a little spit-ballin here. A lot of variables have to come together in either scenario. My guess if XOM is involved the sale of Frontera would be in a stock swap with a litte cash. It would certainly behoove someone making a move to do it before details on the Wei are disclosed. Any deal for FEC will of course include CGX. It will all become obvious soon. Cheers