CGX Energy Inc V.OYL

cgx vs. fec

[Harel1976]

all the posts on the subject have something in common, they all compere on a success at kawa-1 scenario.
thats crazy!!
the first rule of investment is dont loose your money!
you think kawa-1 is a sure thing? sorry, you obviously dont have a clue in investing in exploration wells..
tanager-1 for example is right next to one of the biggest discoveries in guyana - ranger, its connected by the same channels, exxon has all the 3d of both being the operator at both kaieteur and stabroek, they targeted 10 different layers!!! cos was 72%!!! each of of the targets had an above 50% cos!!! they stated many times that the oil at ranger comes from tanager!!
they ended up with nothing!!!
trust me, i was invested deeply on that well via ratio petroleum.
yes, cgx is like an option, theres no much shares on the market and that makes a very big moves in sp on news and creates unreasonable valuations like when the mc is more then fec.
the play is great, for me kawa-1 is the most attractive well in the basin at the moment, but if it fails to deliever cgx will be up its neck with debts and will be back to the 20-30's while fec has a real business behind it which makes money, they are not all in and kawa-1 is not valued on success like cgx.
i wish both fec and cgx investors and myself the best of luck but learn from others mistakes, if this well fails its a 90% drop on news for cgx.

[CLOUDER]

O.M.G. a post of common sense, take a picture. EVERY hole that CGX has drilled weather on land or offshore has been DRY.  this is the 4th offshore now,  it is the best place and there best shot of all,   BUT IT IS JUST  A SHOT,   50-50?      GOOD ON YOU    Harel 1976.   i bet a few of them droped there coolaid mugs reading your

[OIL_RUN]

Unfortunately, I have to disagree. There is absolutely little correlation to Exxon's Ranger-1 (a four way carbonate based reservoir) and Exxon's Liza (a stratigraphic turbidite sand reservoir). These are completely different play types. In addition, development of the resource will require different completion technologies as well. Very, very different. In addition, it is an

[Miftee9]

Clouder / Harel, No offence, I'll drink my Koolaid from Oil Run.  I think he just owned you.

[Mannyman99]

Lol at this point I feel like these ppl just tryna draw the sp down so they can try n swoop in when the train has kinda already left... just my humble opinion. Glta of us who have been in on this play and have accounted for everything oilrun mentioned in his previous post. We all know what's good, no need to second guess ourselves. 

[waitingstill]

LOL. I also think OIL_RUN did a mike drop somewhere in there. The difference between knowledge/experience in the field and guessing. Thank you OIL_RUN. Your posts are always welcome.

[stark15]

U see the difference between noise (harel/clouder aka catman) and facts/knowledge/experience(oilrin).  In clouder/catman case its just sour grapes....in Harel's case he hasent been around long enough to have a clue. Some of these replies had me belly laughing!!  Miftee9 was the funniest imho, Harel/clouder catman did get owned, LOL but WS hit the nail on the head.