CGX Energy Inc V.OYL

Re loan

[taal]

Missed that 2023....Why extending loan for more than a year???

[Schreibzey]

This is the part I don't understand, why September 2023? Wei-1 should be done by then, even if we have to wait for the rig to spud in September 2022. If the bulk of $35M will be burned on Wei-1, especially in an overrun like Kawa, why on earth extend the interest payments longer than you have to? 

[Schreibzey]

but the converts retained the date of 31 JUL 2022. They have several other requirements to fund in 2022/2023, surely $35M isn't enough. 

[SportyJ]

No prob Taal. A $20m bridge loan here a 45m share RO there a $35m loan here a giant future Wei $ raise there. Understand De Alba and you will have a recap of the past and help predict the future. He is a distressed asset guy. He finds companies with good assets and no money. He has and will continue to pac man cgx. The best way to invest in cgx is to invest in Fec. Lastly, De Alba could have