CGX Energy Inc V.OYL

Re Question

[taal]

Who do you think has financed Cgx for the last 10 yrs.....Fronterra...If they wanted to bankrupt them they could have done it on more than one occasion...So right now the value of cgx is over half billion dollars...and your trying to tell us that for that $35million loan Fronterra is essentially going to bankrupt cgx...and steal the assets worth probably much more than a half billion...Not going to happen!!

[IceDog13]

I do sincerely hope that CGX can sign on a JV to see what they have started to the end. Objectively look at the situation though. If a JV is not brought onboard (and we all hope they do), how are they supposed to drill Wei? They have no money and for a company with no income, a very significant debt. Do you expect the Bank of FEC to loan them another 55+ million to fund CGXs share of the drill

[Mat1791]

So FEC owns, like, 280,000,000 shares of CGX... Invest, $50, 60 or even 100,000,000 into CGX, If successful, (why do it, if you don't like the odds), CGX shares go up by $1, $2, $5... 280,000,000 X $1, $2, $5 etc Not a bad profit on top of their cut of the success?   Not sure why everyone thinks FEC is out to burry CGX, on the other hand, it may be their best investment opportunity

[Miftee9]

Because without CGX, FEC cannot drill the hole. CGX owns the hole and CGX is protected by the Government.  That is why.  We are all aligned.  Stop fear mongering.  Set an alert  at $5, turn off your computer and stop checking the daily price.  One day, it will pop.  GLTA