RE:Now compare fec …to cpg and bte Frank007 wrote: Lol fcf ....yikes ...growth ...wow,....production per share ....fec only has 85 milion shares ....look it up ...the Guyana offshore discovery should add 58$ u s $ per share to fec right now ....so go compare it to any e and p for value .....
Frank I'm quite aware of the Frontera discovery. How many barrels Frank? That's not been reported to my knowledge. What's Frontera's interest versus CGX's interest?
What will it cost to bring those barrels topside? Does either Frontera or CGX have that technical ability? No. Even if they had the cash, which they don't, they don't have the technical know how. So that means they need to partner with a major. And several majors are already offshore Guyana with their own discoveries and the ONLY way they get in bed with Frontera is if doing so is beneficial to their capital allocation and that means that Frontera's and CGX's working interest will be massively diluted
Here's the cgx release. No mention of the discovery amount. It does mention that CGX shares dropped almost 15% after the announcement. I wonder why that is?
https://stockhouse.com/news/the-market-herald-news/2023/06/28/cgx-energy-and-frontera-make-oil-discovery-guyana