RE: CGX PROSPECTS IN GUYANA = EXCELLENTKento,
While I agree with you in your very comprehensive anaylsis,and that the geology sounds good,I don't agree that a JV partner will be announced soon.
My understanding is they are waiting for the 3D interpretation,as well as until market conditions improve before doing so which would make it late May or June at the earliest...may I ask who your source is,and/or if it is reliable?
With regards to the reserve volume being increased...where did you get that info?Even so,it will not be an independent reserve estimate.
But I did speak to one of the Ministers in Guyana a couple years ago,and he said "there is a sea of oil out there"..don't know if he is guessing,or otherwise informed.
With regards to stimulating discussion amongst the passive viewers on this board...what is the potential share price if they hit big?Any thoughts?
My main concern is that should Repsol hit,the risk in the basin is removed and CGX will be a takeover target.
Simon