RE:RE:RE:RE:Wonder what they have in mind.jtdd wrote: In CGX's defense, they did drill twice in 2012 so it has been 8 years, not 13 years of inactivity. Secondly, look at the state of the oil market in the last 6 years since the crash in 2014! The biggest criticism I have is that they didn't do the 3D on northern Corentyne off the shelf years ago. Had they done that, they could have drilled by last Nov 27.
Hi Jtdd, I respect what you are saying. Neverless 8 years is a long hiatus for a self proclaimed oil and gas exploration company. Cgx had the Utakwaaka-1 target announced back in August 2018 (the stock was even halted for a few days) plus the Ralph Coffman drilling rig lined up but chose not to proceed. There are other companies in the basin moving forward with drilling but unfortunately CGX does not appear to be one of them. Hope things work out. Time will tell. GLTA.