RE:They want a sale I appreciate the info SheDrills.
My goodness though... if the data room is still not open, this bloody thing could easily drag out many more months. Probably why share price of both companies languish hard (lack of immediate deal forthcoming).
This might sound harsh, but I don't think De Alba (and by immediate extension Catalyst) gives a single sh*t about the massive drop in share price. Frontera staff probably cares, but the entity that should care probably does not. Look at all the other companies that De Alba hasn't been able to make successful. Frontera is just another sorry example in a long list of failures. This man is directly response for many of the sorry failures in CGX and Frontera and I doubt he takes any responsibility. In fact, so long as his banking buddies can make good cash via stock manipulation of both companies, he is probably happy.
Everyone loves to bash Suresh, and rightfully so. But De Alba was supposed to be the genius dealmaker. It's painfully clear he has absolutely no knowledge of the O&G industry, let alone adding any value to any potential business deal. If this cancer could ever be removed from this project, a lot of benefit would probably start coming the JV way.