RE:RE:RE:RE:RE:RE:RE:Interesting couple weeks upcomingOh I see waitingstill... because Frontera took a risk in Dec 2018 as part of the original JV deal, they are now entitled to a lifetime of incredibly favorable loans from CGX?
I guess CGX should just gift Frontera an additional 33% Working Interest in Corentyne in the event Kawa-1 is successful to help pay for the rest of the well cost, because you know Frontera took all the initial risk and deserves to be rewarded for it!
Anyway, I respectfully disagree with this premise. Yes, Frontera is a partner. But man, CGX is also its own company and should have been demanding a premium where it can, especially in light of how things unfolded in 2019/early 2020 with discoveries in Pluma, Haimara and Maka, not to mention the port opportunity and favorable government terms. Surely, CGX shoud have been able to make way more favorable deals in light of these new events. Instead, they let Frontera too take full advantage and now they pretty much run the entire show financially and they dictate all the terms now. So end of day, it really don't matter. I just find it very sad that we are literal days away from news release and CGX as a company is not even worth $1B market cap and has literally everything riding on the success/failure of this well. All shareholders should be pretty upset at this, or least that is how I think on the matters.