RE:RE:RE:RE:Drilling infoDirk... about that balance sheet.
One thing that is not public (and it should be) is how this well is being paid for. CGX is responsible for about 60 mil to pay for the drill. With a balance of about 10 mil in the bank, they have made some kind of a deal with FEC to cover the costs. What that deal is, nobody knows. Corporations are not known for their generosity though, so I am fairly confident it is a deal that will benefit FEC and FEC shareholders fairly (or more then fairly).
In my opinion, it is this fact that is holding CGX back from it true potential. This is why we are not seeing higher volumes and share price. Once this is all out in the open, and it will be eventually, the market will react accordingly.