RE: SOLUTION "JV with Tullow - give them the keys."
Inclined to agree. CGX have done a great job wrt their relations with Guyana, assisting with and funding legal costs to further the resolution of the border dispute, etc. But it seems to me 5 dry holes over the last decade -granted, all done primarily to retain their interests in the area, but nevertheless - indicates they may be missing something in defining more successful targets.
Also, should be noted that a good deal of the BOD and Management are relatively new faces, and while this may turn out to be a good thing in the longer term, it appears to not have worked too well so far. New finance and technical people, but who is really running the show?
Time to get some expert outside help here, otherwise we just keep circling the drain. JMO.