RE:What Questions are you asking? Perhaps the most important questions to support a meaningful rise in share price:
a) how much oil in place exists (P50) in the Maastricthian? Detailed explanation of geotechnical data is also required to provide confidence, especially given the massive headfake with the Santonian.
b) how many further appraisal wells are needed to define the Maastrichtian resource before an FID can occur?
c) how many production wells are anticipated to be drilled upon an FID?
d) how much oil do you anticipate do be drained from the production wells? From this, what is your cost of each production well plus anticipated taxes/royalties minus past tax credits for sunk costs? In short, best case estimate of net profit for a development scenario?
If they cannot define/answer these questions above, the share price goes no where. I really hope they take it seriously. CGX for past couple years was priced on hope... well that hope has been dashed and they now have to deliver meaningful results/ideas based on the data they have. Let's hope they don't mess it up any more.