The inside storyCGX's operation is a tangled incestuous mess. Think about it, CGX has no money, it is a beggar. Why aren't they bankrupt by now? Good question. We don't even know how much they really owe FEC. The two blocks that won't be drilled are an indication that FEC knows for certain that the Wei-1 well be a game changer.
But don't forget that FEC will be banking over $800mm this year, maybe more; will see. Their current market cap in USD is $1.05 billion. As we have seen, their stock price has been inching upwards toward the peak achieved when Kawa hit Oyl's has been turning down. That indicates that CGX is in no condition to pay for further drilling. Therefore, FEC will be their funding source but at a price; which most likely be taking OYL private - leaving CGX shareholders in the leach.
All comments welcome. I do not intend to bash. I hold FEC for it will see $25 plus.