What if Jaguar miss? So much money already lost investing in CGX Energy by many and now in a bad situation there needing $20 million with bad markets. Doesn't make sense adding to your position here especially now that there will probably be over 400 million shares outstanding when they do the next PP. I wrote a while back that the reason I step away from CGX was due to high financial risks and now that is becoming clear. If Jaguar misses, then this company is done (you would be lucky to get 10 cents at that time) - are you willing to loose that much in 4 months?
A much safer and bigger prospective bet is Eco oil and gas (ticker EOG on the venture). EOG don't even need to drill a well of their own and yet benefit big time if any of the many wells to be drilled around them in the next year hits. Currently Chariot drilling and results expected in 34 days from today with the chance of success at 1 in 4 (25% is quite high for offshore drilling). Plus Repsol could also be in the area soon (BP, Petrobras, etc already there):
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31043984&l=0&r=0&s=EOG&t=LIST
This could be a 10 bagger very soon and much less financial risk than CGX Energy (also they have net 6.3 billion prospective barrels versus CGX with net 3.3 billion prospective barrels), do some research and see for yourselves.