RE:RE:RE:RE:JUNE-28-2021: CANJE LICENSE VALUATIONNotwithstanding the size of the prospects in Demerera, the biggest uncertainty and therefore risk is oil quality and the migration story. The value of that entire block definitely hinges on that I think. For that alone, CGX/Frontera would be best to bring along a JV partner (yes, you give up some a slice of the pie in the reduced risk portion of the basin with Corentyne, but you gain a solid partner for the much riskier Demerera plays). Let's make no mistake... if Kawa-1 does not come back as a massive economic oil discovery (which there is still risk IMO), Demerera will not be drilled anytime soon. Frontera does not have endless cash to keep pumping into wildcat exploration wells, especially if they cannot leverage Corentyne.
Let's hope they shed something at the AGM tomorrow. Thank god it is almost July though... will force these guys to do something and not keep quiet forever.