CGX Energy Inc V.OYL

drilling down....

[Frank007]

japan sea drill brought a rig all the way from singapore  13 years ago ....they are partners with fec  and hold the most of the share capital in cgx ......there will be some loans rather than dilution  exept people they need to pay off  and hire ....soooooo ....invest with fec ....gamble with cgx ..... glta i am in both

[Ebenizer3]

couldn't find any info on a drilling rig contract, and having 10mil in cash where and when are they going to get the money for drilling two wells. Fec? they already hold 78% of cgx. Wondering how likely they get anything drilling by the end of the year. I guess there hoping for one of the majors to step in? Kinda interested but they have been working on this forever. Maybe someone can shed

[Rapsani]

But we do have a credit of up to $4.1millon with Rowan rigs for the cancellations of the Ralph Coffman, so I would think we'll be using a rg from them to use the "credit". From CGX earnings end of year, 2019: Rig agreement During the year ended December 31, 2019, the Company executed a letter of understanding (“LOU”) with Rowan Rigs S.a.r.l. (the “Contractor”) regarding the

[waitingstill]

Not likely. Look at the date of July 2020. Need a brand new contract.