RE:Perspective westcanpride wrote: Globally, major oil companies today are spending billions on seismic, land, personnel and drilling exploration wells in areas with very low probabilities of success. Examples include eastern canada, far reaches of the North Sea/Gulf of Mexico, Brazil, etc. Fact that CGX has land that is located next to Exxon and Apache that has proven massive reservoirs is truly significant. Undoubtedly many companies will want to make something happen and either JV or buy-out completely. Let's not forget that new resource plays with billion barrel potential are incredibly rare today. The fact the Corentyne might have multiple of these play types is truly remarkable. A share price at a minimum of $5 should be expected before any drilling occurs later this year.
very good points however I think $5 predrill could be stretch....sure hope you're right though!