CGX Energy Inc V.OYL

RE:Light reading...CGX Implications

[Aton]

Thanks, a very interesting article, Alba seems to have a solid  financial / Bank background and this is probably why they elected him as a co-chairman. It´s pretty encouraging that a man like Alba takes this position in a small oil company. 

When CGX finds oil they are going to be in plenty of need for finance and bank experts, CGX and partners have to find ways to finance FPSOs and lots more. We can look at Nigeria and see how the oil companies financed offshore production, CGX could by doing  something like this actually handle a multi billion debt and CAPEX to develop the fields. Lets see first now how they will finance the first drilling campain, I think they are covered for one or maximum two drills here and Frontera will cover them with loans probably if needed. 

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