RE:CGX Year End Financial Statements / Management UpdateSo this statement really stood out to me.... I think FEC may want to keep the big slice of the pie for themselves but time will tell I guess.
FEC has the exclusive right to lead these negotiations and as this process proceeds, the Company has been able to further secure the financial support of FEC to address all of its workplan requirements in Guyana until the restructuring is complete, at which time the Company expects to pursue recapitalization, including possible farm-ins.
Looks like there is lots going on in the background. Hopefully we get the debt restructured in a positive way for us and move on to either drilling by way of FEC or securing parter(s) and get it done.
Holding long and strong....common CGX!
GLTA!