CGX Energy Inc V.OYL

Kawa-1. What is a good result?

[circusmaximus]

300-400 million boe? Is it good enough?

[Harel1976]

no, only 1b boe is good result.. if the 60% chances for a duster will realise and youll loose all your investment then you wont need to ask if 400m boe is good result.. cgx is the most dangerous stock in the basin, binary event, mc close to a bubble and the most dangerous thing is that most of the posters here dont have a clue what they are getting in to. yes, i know its one of the most attractive

[Devanand1]

Ok, Hare 1976 -,you can make your point without ridiculing others. Everyone makes their own investing decisions based on this own risk tolerance.

[BlackGoldRefine]

It's not even a good point. I'm always suspect of those that claim they no longer hold a position but are still posting... No matter Believe Oil Run has a great post earlier on SP potential based on 500.  Obviously rising oil prices will only sweeten that

[Harel1976]

Bgr, why wouldnt i follow this board, im investing in cgx for years and exposed to kawa-1, the fec board hardly has any traffic. In regard to oil run, he is the best researcher here but looks like many here follow his investing decisions blindly and by my view those are not as great as his research skills. This board only deals with a success scenario. Realy hope this one goes well else cgx will

[stark15]

Blackgold, u r correct....Harel1976 does not have a CLUE.....anyone who thinks Fec can simply sell cgx as they wish and do what they want hasnt been following this board for a long time and doesnt know our history. The Guyana government has STRONG ties to CGX.....its the ONLY reason CGX has survived over the years (could have literally been bought for pennies or simply folded several times

[Harel1976]

Stark, you dont respond to facts just throw childlish comment to make you feel good. I dont have a clue? Please followmy main investment, wte london, funded through its holdings in jhi and cataleya for 10 wells each of them holds the same upside as corentyne, operated by exxon and has a 25 wells campaign in 4 years. But please dont invest in wte, just follow..

[Harel1976]

*same upside as kawa-1

[stark15]

anything u recommend i wont be investing in....FOR SURE......as for childish comments, lol it was YOU who posted "most of the posters here dont have a clue"....lol...ever hear of "those who live in glass houses shouldnt be throwing stones"....or the ever popular, "if that isnt the pot calling the kettle black", lol   U really dont have a clue, lol i had to!

[Harel1976]

the difference is that my post was backed with substance. im invested in kawa-1 so ill be as happy as you to see it strike oil, im talking only about the duster scenario. about wte, results from sapote-1 are expected in two weeks so you might hear from me sooner then a month... harel

[stark15]

YOU THINK your post is backed with substance.....Blackgold sure didnt, lol (and i agree) Why do u even care if many on this board are overly optimistic?  So what, how does that affect u?  Says more about u than us that u respond with 'we all dont have a clue'......when it is u, lol about wte.....NOBODY cares.....do u always post on other boards where nobody cares what u have to

[Harel1976]

I dont need your permision to post here, so i will share my thoughts when and where ever i want. I will also post a follow up post in regard to sapote-1, the fact that you dont see the relevance of sapote to this board shows you dont have a clue about this basin. If the silent mijority on this board take the facts in consideration and diverse some of their investment to fec that might do them well

[stark15]

post where u like, for me u r now on IGNORE....i guess there are ALWAYS trolls like harel on every board.....sometimes i dont follow my own advice, to my own detriment...this is 1 of those times, lol.... IGNORE THE NOISE.....looking forward to November.....

[whyworry]

Harel, I'm curious what you think Chevron and Total paid for Suriname blocks 5 & 6.    CGX may take a solid rogering is Kawa is not commercial, but it is not going to .20.  Extensive seismic, multiple prospects, future wells, the port, etc, etc.  There is lots of valule left if Kawa misses.   As far as FEC vs CGX...   If Kawa has oil, the market

[soulfire]

Harel I guess Frontera doesn't have a clue either? And still they are trying to get more shares via Rights....

[Harel1976]

Soulfire, fec is funding the all show and owns cgx which is up its neck with debts to fec, thats a no point. If they were so sure of positive results they would wait for the discovery.

[soulfire]

And where CGX goes so does Frontera. If this well fails CGX will be in deep doo doo, we know that, it will also bring Frontera down. In a way Frontera is dependent of CGXs success because Frontera has nothing else but heavy oil in countries with turmoil. The Guyana/Suriname basin is a different path for Frontera and brings a lot of value. Just my take

[Harel1976]

Frontera is a cash cow, paying divi's for years and was valued 50% more then today pre corona. Now that poo is back to pre corona level fec is valued for its production base alone and its holdings in corentyne and cgx is valued at 0. Fec also has debts but has cash as well. In worst case scenario fec can sell cgx to a major to pay its debts and still keep 35% interest in corentyne.

[Ermosp]

Where are you pulling 60% chance for a duster from? The McDaniel report had a 51% CoS at highest for all prospects CGX has, and I would guess Kawa is targetting something close to that. furthermore there's 3 targets, which the geo's here say are uncorrelated. So even if we gave 50% to primary target and just 20% to other 2, we get to about a 2/3 shot of success.   Certainly

[BlackGoldRefine]

Indeed. Exploration wells are risky.  Think everyone here knows what we signed up for.  I'm confused at the argument, what's the proposed solution, don't invest at all cause it's TOO risky? Lol  Based on my own DD and the excellent knowledge from our friends here, I'll take the risk of Kawa, this basin, over all others.  I think, statistically, I've made

[Dirksidetrack]

My main reason for my decision is that they have Dr. Mark Zoback on the CGX board of directors. Phd professor of geophysics at Stanford, no less. They ain't messing around. Add to that the stellar drilling team.

[Miftee9]

High risk high reward.  This is either a strike out or a grand slam .  If we were not in it for the high reward, we would be investing in blue chippers and bonds looking for singles and doubles. I certainly do not need people telling me how risky this is.  If people come on here and think they are going to change the minds of investors, then you should apply to Facebook. 

[ljmorin]

Many of us were here when this was even far riskier likely in the 10-20% COS, This is nothing. FEC problably is a good buy with with the price of oil but so are a hundred other Intermediates. Yes Miftee we know exactly why were here. 100%.dead on.

[Dirksidetrack]

It could be. Exxon encountered Liza Deep, underneath the now being produced Liza field. Liza Deep holds 150 million barrels and they intend to produce it.The Liza development is now producing 120,000 bbl/day. It includes the FPSO Liza Destiny, 8 oil producing wells, 6 water injection wells and 3 natural gas injection wells for a total of 17 wells in the cluster surrounding the Liza Destiny. You