RE:Re thoughts Everyone knows CGX is a joke who won't be around whenever first oil is ever produced.... but... why in the world would anyone want to partner with Frontera in any capacity? Seriously, what value would they bring to a big company in terms of deep water appraisal and production drilling? They don't have the financial means, nor technical, to make any meaningful impact.
End of day, I'm sure CGX management would love to get a fair deal and exit all together... unfortunately for them, Catalyst Capital is calling the shots. Catalyst needs to reach a certain threshold, I'm sure, before any deal is made for CGX shares/Frontera working interest/combination above. Whether any potential suitor is willing to give them this desired amount is anyone's guess. But let's be real... frontera is a lousy company and no one would want to JV with them if given the opportunity.