June 28th Deadline Fast ApproachingOne would think that Catlayst/Gramercy who have $100's of millons of their various funds money invested into FEC and clearly running the show, will be sure that they come up with some type of deal/plan and we have a news release prior to the June 28th deadline. A favorable news release right in the middle of the US presidential debacle, the night of the 27th, would be very appropriate.
If no firm deal news is released, I would be happy to hear that the goverment has extended the deadline as they are involved in interpreting multiple deals on the table for the only largely derisked block for sale within 2 miles of an Exxon Stabroek discovery well. With several other discovery wells, including in Block 58 just a very few miles away in analogous geology.
With days left, CGX on course to lose its third Guyana block | OilNOW