RE:RE:How much more will Frontera take more of CGX?Ok Stark, couple points:
A) From the initial JV in Dec 2018 to the fall of 2019, Frontera was able to get ~73% CGX shares (or ~212 million of them) for less than $50 MM USD. These are facts and occured before De Alba became Co-Chair of CGX in Jan 2020. Not sure why you are upset at this when I point it out. De Alba was put as CGX Co-Chair in 2020 to make sure Frontera's investment in CGX was not going to be messed up, simple as that.
B) "I don't know how u can predict the future"... I think this is in reference to my claim Frontera will continue to get more CGX shares for peanuts. Well, how will this current $19MM USD Frontera loan get paid off? Oh yes, more CGX shares at .89 cents conversion. CGX still needs ~$20-30MM to drill Corentyne (even if Frontera will pay 1/3 of upfront costs and additional 8.3%, as per the JV deal in 2018). Frontera will provide this money to CGX and probably get it for pretty favorable terms. Lord only knows how CGX will get money for the port to be completed. Given Frontera owns most of CGX, they probably will fund that as well at more favorable terms if history is any indicator.
C) "see your posts when the stocks rises to drill data, then spikes after we find oil and sign another JV"...woah, please go back 2-3 weeks and look at my excitement when CGX was over $2. I have also stated that I believe the share price will continue to go up again leading into spud.
End of day, its folks like you that are giving Kawa-1 a near 100% success rate for both oil and more importantly economic volumes being disocvered... mainly because you (and many others) have complete faith in De Alba for having picked the perfect drilling target location and therefore waiting for the perfect JV deal. Fair enough. When high-level compared to Suriname, yes, it does look pretty good and I have never disagreed with that. With that, I am still being realistic given my geological knowledge from GoM, western Canada, North Sea and applying that to Guyana-Suriname (and looking at literature from the basin via Research Gate/company PPTs for comparables) and I get lambasted for that... fair enough again. Let's hope a big gusher is discovered and I am proven to be the village idiot (lord knows many of you would love to throw it in my face haha).