TSX:FEC - Post Discussion
Post by
kcac1 on Nov 06, 2023 7:39pm
FEC's Recoverable Guyana Expenses
I had missed this August article. Here it is, in case others had also.
When you add up the money the two companies (FEC/CGX) have put into Guyana Corentyne exploration, it appears that any deal to sell FEC or Frontera Guyana with CGX remaining a subsidiary (77% of shares); that the total amount recoverable on potential future profits on the C. Block is getting pretty close to the current FEC market cap IF this is US $$$ they are referring to.
If the terms of the current PSA can also be carried forward as recently posted, I would think that there is surely quite a bit of interest on going with Catalyst calling all of the shots. Hopefully, they are able to make for their many losses the past decade and make themselves and their investors a lot of money from selling FEC. FEC's Guyana Expenses https://oilnow.gy/featured/frontera-says-it-already-sunk-us400m-into-two-guyana-wells-us40m-on-cgx-port-facility/
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