RE:Post# 34430470 RE:RE:RE:RE:RE:RE:RE:RE:CGX Energy Announces Frontera is in the same position and CGX. Its fantastic there is a discovery. Both companies net valuations went up significantly. The question is how do there develope it. Thats big boy games. To me they both have to fond a partner, leverage off of that partner for dev. Be it GOR/working interest and cash. Then take that money and drill again on another prospect. Its a goft that keeps on giving, and then you gain the valuations to potentially do it on your own. Huge risks in that being small. Big boys have armies of experience and knowhow. Dev is years out.
In the end shareholders of CGX and FEC win huge. Way better than getting wacked right now wish is potentially another outcome.
btw im a shareholder not a shorter or a pumper of stock. Dont have a huge position like some. Just did research and discovered CGX and bought in June last year. Full intentions of hanging on for long term. Like the position and the pitential resouces and subsequent upside. What is the ceiling for the SP. who knows. Thats a shareholders own decision to hang on or get out. Im very happy with my profits.