RE:Cgx/fec slide presentationI watched the presentation on You Tube........and I am absolutely not a geophysicist, or whatever other degree one needs to understand this.
However, my impressions are that they were clear, concise, and well informed.
They know what they have and they know that someday, someone, is going to make a whole bunch of money in the Northern Corentyne block in Guyana.
I think their estimate is low because it doesnt include anything in the Campanian, which seems like they are pretty sure is rich, but they dont have the goods to prove it.
Moving on to something I do know a little bit about, investor confidence.
Their is zero, zilch, for these two companies....maybe a bit more for FEC, as they have revenue.
However there is almost nobody left who believes CGX can pull this off.....no money, no cards, and a dirty partner. I have lots of CGX, believe in the basin, and cant think of a reason to invest another nickle in this crew. And i have been around a long time.....This should be a golden opportunity to average down.
Sad