RE:RE:RE:SEPT-09-2020: HESS INVESTOR PRESENTATIONCertainly agree there oil_run!
Looking at Frontera at the moment, they are valued at $225 million market cap (and there shares in CGX are worth ~$100 million). Without CGX, Frontera would be bordering on dropping below $1/share.
I have no idea what Frontera values their partnership with CGX, but clearly its their only real opportunity at the moment (market certainly thinks so). If I am them, get a JV deal signed with a Hess or Apache ASAP for $100-200 million dollars. The money earned from the JV will help them stem covid/low oil cash bleeding and more importantly allow them to finally drill wells in Guyana and actually make real money. Waiting any longer and they could easily see their finances dwindle even more and leave them with precious little barganning power (irregardless of how great Corentyne might look).