Reading between the lines If, as a lot of us think, that CGX is well in with the Guyanese Government they may be doing CGX a favour by suggesting that they would be more comfortable with Repsol (being the operator) having a bigger slice of the pie.
Government pressure on Repsol to purchase an additional 5% from CGX would give CGX some "all important" cash flow to meet their liabilities for Jaguar 2.
Reciprocally, I feel that CGX would be very receptive to this situation. The only stumbling block would be the mutual cost of the sale. However, this could end CGX's dilemma with regards to Jaguar 2 and let them get on with JV's regarding Corentyne.
JMHO.