RE: RE: RE: RE: RE: RE: The Comparisons: I hate getting in these back and forth as it crowds out the board, but "false and misleading claims", given me a break - I say what everyone can easily find out if it's misleading or not, so don't try that strategy. All that AOI and CGX has going for it is the POSSIBILITY of a discovery on their drilling, so not sure why you think they should be worth more than EOG. HRT and the others in the area will help EOG narrow the time gap that AOI and CGX has on EOG because discoveries by those other companies this year make EOG value to spike. Do I need to remind you what happened to CGX energy when Tullow made a discovery last year offshore French Guiana that was 500 KM away? CGX doubled the same day based on Tullow discovery 500 KM away. Now do you realize that Cobalt made a discovery offshore Angola (neighbouring Namibia)? By the way, you mean shell had a blow out well and never went back there, I wonder why no other companies have ventured into that area since but look at the activity level offshore Namibia compare to Guyana.
Again, you really have no good case to make here as to why CGX Energy is worth $457 million market cap versus EOG at $76 market cap other than CGX Energy is well know among the investment community and has many analysts given it higher price targets. Can you imagine when EOG gets some analysts coverage? EOG is on it's way to be in the 100s of million market cap like CGX, AOI and NZ. NZ is a good company to show what happens when the investment community finds out about high potential plays on a daily basis (it tripled in 3 months as more people find out each day) and NZ on a best estimate would not even have 1 billion resources on all their prospects combined.
By the way, EOG onshore 7.4 million acres that they already farm-out on, they only need to pay 20% cost to earn 40%. We already know on 2 of 3 offshore licenses, EOG has best estimate 9 billion barrels of oil (70% net to EOG is 6.3 billion barrels).
The facts speak for themselves, anyone can do their own investigation and see that. BTW, you scared to take this discussion on the CGX board, it involves both EOG and CGX?