RE:RE:RE:RE:RE:RE:RE:RE:Concerns Have Patience boys........
Shaking the tree at this stage will not work here for the Longs invested in this stock. We are here to the end when the final decisions will be made by our new co/Chair DeAlba.
Keep in mind Frontera now is running this show and not the Champaine popper Suresh...
Personally, I think that when we get a public press release and word of the JV..... in whatever form, there will be a major shakeup in the former CGX management.
Frontera’s board along with Mr. DeAlba are one of the largest independent producers in Columbia. These guys are smart and on the ball. They know Suresh and the other CGX staff have been underperforming for several years and have put us in the position that we are in now with several negative articals being published in the Guyana press recently.
Frontera and CGX only received notice of the one year extension on November 27th 2020.
i must say they took some real licks from the Government regarding their past poor performance. And I will add..... rightfully so.....
Clearly, the Government has put them..... CGX on notice so Frontera will have to take the bull by the horns going forward. Unfortunately Suresh is out of his league here and changes are inevitable.
I think WCP has some legitimate concerns regarding development costs but these will be addressed by Frontera.
Give them time to finalize JV details. Personally I believe that this is part of the ongoing discussions with Government. Just a matter of time.
I maintain the Company CGX and its holdings are, and will be worth “its salt” in terms of our value in our Offshore blocks. Nothing else like it. Many big international O&G would love to participate in this valuable acreage......... Negotiations continue.
Patience....... Just a matter of time. More importantly, Remember, Frontera and company are calling the shots going forward.
GLTA
WindyHill.