A Little IronicThat the very companies that have the Corentyne Petroleum License in Guyana are being trashed by those that are invested and stand to win or lose by their investment in same. Trashing cgx/fec NRs to being nobody any major would want to partner with is emotional at best. The same companies that had no business doing what they have manage to do. Most likely discovering and appraising a decent find in N Corentyne. While I don't care for the tangled corporate relationship; I do give them credit for what they've accomplished in N Corentyne.
Both companies are essentially out of cash (although FEC could borrow). The Guyana government is now (and for the past few years) is only interested in dealing with large well capitalized companies and foreign governments that are able to move forward quickly to develop Guyana's resources. That includes the bidding and e&p of offshore blocks to the operation of a measley port facility, hotels, gas plants, oil refineries etc etc. They are in no mood for excuses of delays.
The jig is up here for both companies. Pressure from internal finances to geo politics to shareholders bring a perfect storm to make these companies make a deal. And it will happen much sooner than is expected.
All imo