CGX Energy Inc V.OYL

Who is Lying?

[SportyJ]

Management or the rock?  After two wells, management has given us their view on the rock.  The Santonian which kicked their a*ss in both wells is now deemed oil but low porosity and permiability. The Campanian is high porosity but low permiability oil in Wei and gas condensate in Kawa.  The Maastrichtrian is high porosity and permiability but only 13' wet in Wei and 68' gas condensate in Kawa.  Where exactly within N Corentyne does the Maastrichtrian thicken with oil?

There are only a handfull of companies that can be a potential buyer or farmdown partner for N Corentyne.  Our Waffle House (open 24/7 365) of a data room should have already hosted those companies.  So now the management teams turn to HL to field "inbound expressions of interest".  Like HL is going to magically find a suitor that didn't already know about Guyana or hadn't already had been to the data room for 3 flap jacks w coffee?

The rock doesn't lie. Management has given us their thoughts on the rock. So is the rock or is management lying?

Please correct me if something above is in error but that's my opinion and only my opinion. Glta

[westcanpride]

It's about credibility Sporty.  How in the world can they "confidently" increase the net pay in Kawa-1 pay zones and do the same in Wei-1 Maas/Campanian successions? Yet for Santonian, they manage to overshoot their initial estimation of net pay by close to 80%.... that's absurd. Credibility instantly shot right there.  Maastrichtian zone instantly becomes the new

[SportyJ]

WCP, my friend, I will not effort to talk you or anyone else out of the belief that N Corentyne holds tons of oil.  I hope it does.  Yet I hold Cgx shares that I've written down as a complete loss.  It doesn't materially matter if I sell at .27 or .01 at this point. In the oil business, NOTHING remains a secret for very long.  Yet for well over two years the golden

[westcanpride]

Yeah no worries Sporty... entire point of this board is to have debate.  we will see next Monday (I really hope) the technical and business merits of Corentyne.  your last point "who benefits most"... sure in principal FEC benefits most given their large WI in the block. With that, a dead/severely wounded CGX (by virtue of poor geology/poor management) does absolutely no

[jtdd]

One thing I can't understand is why would FEC be continuing to buy up tons of shares at $9+?? They're not even worth $8. WHAT DO THEY KNOW THAT IS SUCH A BIG SECRET?? We have to be on DeAlba to strop treating FEC and CGX as his own private and confidential piggy banks!!