CGX/Management/Kawa #1Maybe one day soon the elite CGX management team will discover why they drilled the Kawa well and what the current status is....for now the story continues to be in limbo and can't imagine government officials are happy with the never ending story on the Kawa #1. Remember the Abbott and Costello routine.....Who's on First?
The reason the Kawa #1 had mulltiple thin clastic intervals is that CGX's concession is on the basin slope, an area of high energy depostion yielding coarse, poorly sorted, thin, discontinuous clastics.
Do not expect to find the well sorted, thicker, fine grain sands that are yielding huge amonts of oil out in the basin depositional model (XOM)
CGX may not find what they are looking for but savy shareholders can profit from trading the stock over the coming year.
JMO