CGX Energy Inc V.OYL

Re Wcp

[taal]

I think you may have misunderstood my post ..I don't know if anything that I posted is true ...but possible...opinions are just that ..opinions....Its just as easy for me to be overly optimistic in my opinions than for you to be overly pessimistic in yours... Doesn't do anyone any good unless they are backed with facts....And when you look at the Facts I believe we have more information to keep us positive than we do to keep us Pessimistic....I think we are all frustrated but I can tell the way our share price is trading that good things will start happening... This is the year we have All been Finally waiting for...Rising oil prices and Firm deadlines ..If things don't develop this year Cgx is toast... And that Won't happen

[westcanpride]

Taal, Having re-read your reply, I agree, my response was not correct and I do apologize.  I think we all want the same thing. How it happens... guess we wait and see. I was just hoping to get some discussion going on why its taking so long. Hopefully news is released soon and we can look forward to a actual well being drilled. 

[zerbo]

At point anything can happen, takeover of CGX by Frontera, JV, Buyout, or Frontera and CGX get busted for expecting to much. On the other hand, who of the big Oil Guys is going to miss this opportunity, they know by now that there is a lot of oil in our licenses, and any of them can come with a surprise offer hard to reject. In our case, with all the big Oil Guys revolving doors in Guyana, the

[Miftee9]

The reason they run a JV process to find a partner is to see what they can get in a competitive  process.  The market will dictate what they will get in a JV.  When all potential parties know there are others at the table it creates competitive tension and thereby driving the price of entry higher.  Then and only then will they make a decision to go at it alone or have a

[westcanpride]

Agree 100% Miftee9. Interesting day on the bid/ask... phenominal bids (~75,000 shares at .52) and equal phenominal asks (~70,000 shares at .54).... and of course, share price sits right at .53.... almost a showdown of who will blink.  Clearly something is happening otherwise we wouldn't be at .50-.53 cents/share. More so, its very clear they are trying there darn best to keep the share