RE:Why Eco Atlantic is buying into JHI Associates CGX. Seriously. You like that company? Did they ever drilling anything?? On any block on or offshore Guyana? In what, about 20 years.
I saw the accumulated defecit over the company history. $293M US. It looked like a musical chairs gong show with all the different leases and lease names in Guyana.
I guess they did shoot or buy some seismic over the period of the $293M US losses.
Shareholder Equity is today about $19M. Pretty good burn rate still today!