CGX JUNE 28 CONFERENCE CALL RE-CAP Just listened to the June 28 CGX conference call for a second time. Funny would you pick up on after listening to it a second time.... Interesting to note that an updated reserve report should be issued here shortly. Kerry Sully said on the June 28 call the report essentailly has been done - currently in the midst of a review internally before it is released.
Would be interesting to see if the report includes anything on the 2 turbidite fans where 'light oil' was recovered - it terms of enhancing the prospectivity / reducing risk of the various prospects / leads.
Sully also said in the Q&A that the 'investment community would find this information particularly interesting.' While anything Sully says must be taken with a grain of salt - I would anticipate a significant increase in previous numbers that were issued in the last reserve report. Possibly adding some numbers to the various Campanian, Maastrichtian, and Albian prospects...
So, near term look for:
- Repsol / Tullow Conference Call this Wednesday;
- Updated Third Party Reserve Report;
- Final Cash & Resource Position for CGX - after Jaguar-1 costs are settled;
- Georgetown Block Extension / Corentyne, Annex Pomeroon Extension
- Possible JV Announcement for Eagle Deep;