CGX Energy Inc V.OYL

CGX and FEC

[chulo123]

Fec has cash to buy nearly 15% last cgx´shares to get 100% of the company.
Perhaps it comes, thoughts?

[westcanpride]

Chulo, I doubt the government will ever allow CGX to be bought out completely. There is a deep intimate relationship between CGX and the Guyana government that will likely always exist. The conference  the last couple days is a good example... Suresh down there giving talks, interacting with everyone he can.... and De Alba is no where to be seen. Suresh has his shortcomings, but at least he

[Investnowplease]

Good post

[CLOUDER]

yup, I BET  FEC  is taking bids on  CGX as we speak,  they are just waiting for the quality of the oil and the finall tally of  feet,  then  presto FEC will sell to the highest bidder   CGX,  with all 3 leases then FEC sits back with 1/3 of 2 or even 1 lease  to production,   $$$$ and production      FEC MADE IN THE

[chulo123]

There are two ways to buy a house. 1- You goes to the owner and offer to buy it. and 2- You lend money and then you enforce the debt. In the first case the owner wins money and the second one not so much. Cgx owe money to Fec and this is the point for me.  How Fec will get your money back.

[CLOUDER]

easy, they sell it for lots ,and  you partake, FEC  imo will sell CGX for  $ ?  a share, and we, as CGX shareholders will get the exact same for our  shares  as  FEC.     simply

[chulo123]

I am restless in a hostile buy from Fec, remember how much money we owe Fec and it is not clear how we will pay. Regarding Westc....say that Guyanas goverment do not allow this hostile buy I must say that I have seen lots of examples in which Regulatories entities don't say any thing in a commercial bussiness that has nothing illegal, saying that Fec is looking for its money back.

[westcanpride]

Yeah its tough Chulo. Who knows.  Like you said, CGX owes Frontera a lot of money to pay for Kawa-1. Frontera would love to get this money back either through new shares or additonal working interest. End of day, Frontera could easily force CGX's hand and get their money back for pretty cheap (as they have done numerous times in the past couple years). A new rights offering at $2.50 CAD