we don't need naysayers, negative comments and ....
Really? So we can just pretend that all is fine, there have been no issues with CGX and everyone is a winner and gets the medal for participation. There have been a lot of irrational exuberance displayed lately for no concrete, logical reason. Esso made a discovery, not CGX. It is pretty far from CGX concessions and in much deeper water. Fact: CGX at this point does not have enough money to drill. Fact: Except a few insiders, no one else knows what is being considered/offered at this point; PP, JV etc... Fact: Guyana is a the bottom of the corruption perceptions index (124 out of 174). I would not rely too much on "the government" keeping CGX alive. I do believe that they will do whatever will benefit them personally most. And then, there is this comment from April 2015 which raises serious doubts about the viability of the CGX in the long run: CGX Energy, Inc. Auditor Raises 'Going Concern' Doubt Apr 29 15 CGX Energy, Inc. filed its Annual on Apr 29, 2015 for the period ending Dec 31, 2014. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. I got burned badly by believing some people promoting CGX, wrote it pretty much off but kept some shares to remind me how gullible I was. I prefer a harsh reality rather then some hyped up dreams.