RE:Is CGX A Buy Here?I wouldn't touch CGX with a 10 foot pole at this point. Terribly run company, worst I have seen. They are about to lose both the Demera and Berbice blocks as they cannot fulfill there commitiments. They have $0, huge debt, and plans to drill on Corentyne with no funds to do so. Kawa apparently had 200 ft of net pay... yet it is questionable if it is commercial. These guys simply have no clue what they are doing imo.
Taking on the risks of a succussful drill with these exploration companys (Eco, CGX etc.) is one thing. With CGX you have the added risks of how long the company will survive. Not worth it in my opinion.