RE:RE:RE:RE:RE:RE:Harel1976 Soulfire, no I haven't bought any shares yet because I don't have enough info in order to base a rational decision.To me, this is far from being a dud. When they released, in Dec 2021 even before penetrating the Santonian on Kawa, the statement that they discovered an "active hydrocarbon system" which for me is critical material info that was corraborated by subsequent Wei offset info releases then it was no surprise to me that they shifted their focus to Maas and Camp which were initially secondary targets with Santonian being the primary.
I keep on telling this board that there's lots of interested potential investors who want to see flow tests. This could turn out to be a great investment if they can prove up Maas and Camp recoverable reserves.
They said that $230 million USD would have to be invested in order to drill and flow test 2 more aporaisal wells targetting the Camp and Maas. Where will the cash come from? Fec could fund it but at what cost in loss of WI to CGX? That's why CGX needs to get that port making revenue so that they're not "put over a barrel" by fec.
But now we're getting into political and financial stuff way over my head. CGX's root problem is that they cannot stand on their own and always need to give up more of the "family jewels" in order to not go into bankruptcy and be delisted.
When will I buy? Once they have some revenue coming in because right now they're a big tuna fish in an ocean full of sharks.