RE:RE:Map Clarification for Sporty or?
Thanks so much for the time you spend on Guyana and sharing your expertise with us. I know you have a large stake in both companies and hope it soon pays off.
Can you clarify how far south on the map the 994 km runs? The map has a line across the northern part with an arrow pointing to it that says Northern Corentyne Area (3D).
Are you saying that the revised lease runs down south of that line and picks up all of he prospects outlined in gold that end just above the southern border of Block 58? As it that looks like you would need at least 2000km to go that far south on the lease and there is a lot of gold outlines of prospects in that area. Or have they just not run any seismic or other studies on that portion to know if the prospects are high value or not? Thanks Again.
Regardless, this should have never happened. PRE/FEC has controlled CGX (51%+ stock) since 2012 and placed the majority of their directors on the CGX board after gaining control. Catalyst came along about the time Exxon started drawing attention to Guyana and took over PRE and turned it into FEC with the idea of buying a bankrupt company and re-building it better and flipping it as they have done with 22 other companies. Far better planning should have been ongoing to prevent from having to give up any of the Corentyne. It appears that all of the big decisions are controlled by Catalyst. Gab de Alba is running about a half a dozen companies for Catalyst including a Casino and a Circus. I think he is in way over his head in offshore O & G as well as any O & G, his CEO has a Masters in Philosophy and no experience running a complex O & G company.
My hope at this point that de Alba does excel at deal making and has made a decision to try and get as much as possible for the 3 parts of FEC.
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