RE:CGX and FECChulo,
I doubt the government will ever allow CGX to be bought out completely. There is a deep intimate relationship between CGX and the Guyana government that will likely always exist. The conference the last couple days is a good example... Suresh down there giving talks, interacting with everyone he can.... and De Alba is no where to be seen. Suresh has his shortcomings, but at least he knows the value of relationships and trust.
So yeah, as much as Frontera would love to take CGX out completely (and the $2.82 CAD share price right now is a complete joke really, making it easy to pay the premimum needed to acquire all remaining shares), it probably will never happen. In fact, given the deep personal connections, any other JV partner would probably love to have CGX stick around (even at 10% WI) just for regulatory and peace of mind purposes.
In saying this, who in the hell would actually want to partner with Frontera in Guyana? What do they bring to the table? They have no offshore expertise, no big pockets, nothing. If anything, having a small time company like Frontera calling the shots right now is probably the reason no JV deal has been done.