RE:RE:CARAPA SUCCESS - IMPACT ON CGXChedda - no math, just a WAG.
By early 2020, we will get a complete and updated CPR for both of CGX licenses. Hopefully, the CPR will contain a thorough review of all prospects and play types on Corentyne (including the Northern Corentyne Area) and Demarara.
Hopefully this report will be written in light of all adjacent discoveries and play types - including Carapa and Maka (if successful). In turn, appropriate risk models assumed.
It's not practical (almost impossible) to put any written valuation down on these licenses - aside from the obvious observation we (as CGX shareholders) have oil discoveries just miles from CGX licenses. A clear read through there will are proven play types that are available on CGX licenses.
Even though uncertain - would expect Maka and Carapa (if successful) would serve as strong tail winds for CGX's sp to trade over USD $1.00; CAD $1.30.
Those values mentioned above would be my low (base case) valuation - WAG.