RE:RE:Here Comes The Collective...Frank007 wrote: I know it's 32%.... 68% frontera ....but frontera own enough shares of cgx that its portion rounds out 92.8 % Of the concession that's where the 7% number comes from .....and say wei 1 is a tremendous score ....just where do you see cgx getting the money to bring to production ...they will be selling more shares to frontera or someone at a discount bet on it
CGX is not going to production.
If successful with the drill, I see CGX being taken out when a big boy comes in.
Perhaps FEC sticks around with 15-30%?? Hard to say, taking them out is much more involved.
What happens to the port is a great question??
FEC will profit from their share ownership in CGX but there will be no need for CGX to raise funds for production they won't be part of.
I know, this assumes everyone plays fair, but there is national interest in CGX and stepping on those toes, more than they already have, may not be the best direction for FEC.
Anyways, my previous posts are all built on valuations based on exiting before production. Hence $5USD BOE
As I had said, I was also illustrating the 32% ownership and how that valuation is attributed to CGX and FEC