RE:WcpI see your point taal.
With that, to me at least, Frontera owns ~74% of CGX. So yes, CGX owns 66% W.I., but Frontera pretty much owns CGX and needs to pony up the cash to help pay for this project (whether directly or indirectly) otherwise nothing will happen. CGX needs cash and their largest shareholder needs to provide it for them. My guess is Frontera will pay for the majority costs in exchange for an additional 10-25% W.I.... I have a gut feeling Frontera is greedy and wants to keep this project to themselves and dril the first 2 wells without a new JV partner. Guess we will see... I hope this don't happen though.