RE:RE:RE:RE:RE:RE:RE:Concerns "have to believe in these prospects".... soulife, I guess all my posts about the vast potential oil-in-place volumes and amazing seismic these past couple weeks mean nothing? Gotcha!
I think I have it.... many on this board think I am too negative. Guess my thoughts on actual finances (ie., ways to fund drilling programs) are completely ludicrous. Guess all we need to do instead of sit back, start counting out in our minds the vast sums of wealth we are going to accumulate in 2021 and have full faith in Suresh, De Alba, etc, in securing money to drill wells and also maintain greater than 10% WI in each block. Gotcha... its so simple! I love it. Thinking any other way is just plain wrong and should never occur. Shame on me for doing so!
Perhaps I have also been too harsh on management (like all of us). Maybe they have been plagued by bad luck, tough market conditions, tough negotiations with other companies, and instead are actual 'gems in the rough' who just need more opportunities to prove themselves? Perhaps all of us should go invest $100,000 more dollars each in CGX and really show our loyalty to the company? This way management can give themselves a pay raise going into 2021! It is after all tough times out there, they have worked tirelessly all these years (takes real courage to halt trading to annouce a drilling location or shoot new seismic in an area with vast offsetting discoveries), and we have to make sure they are well compensated so that they can make the right decisions.
But most importantly, as everyone is saying, all management has to do is wait for higher oil prices (which should come back by next spring). After this happens, go and flash a couple seismic lines to potential JV partners (similar to a good looking girl at a bar flashing cleavage), and the financial offers will start coming in so fast it will be unbelievable. How could have I been so blinded by the simplicity of the opportunity? De Alba and Suresh should have the easiest jobs in America next year, no doubt... Biggest challenge will be deciding which vacation home to buy next!