CGX Energy Inc V.OYL

Kaieteur Block

[soulfire]

This is selfish but I am not disappointed they did not find commercial oil on the Kaieteur Block.
This makes our block more valuable in the eyes of potential JVs.
Com'n CGX let's get this extension out of the way.
GLTA

[zerbo]

Thats just makes us more valuable , and Ratio is 50% down

[soulfire]

I think so. Our Northern Corentyne Block is on trend with Stabroek.

[waitingstill]

If Ratio is down 50 percent, that is a good warning if we are ever so fortunate to drill. I believe they gave that well 80 percent chance of success and they actually did hit 16m of pay but small interval in a very deep hole with heavy oil made it not commercial so down goes SP. So, if we ever get to drill, make sure you have protected your capital to some extent. There are no sure things in this