RE:RE:Long Player says the Corentyne Block is lost!WS-Don't shoot a fellow Pro CGX/FEC messenger here. I did not comment on it, only posted a link to it. The article popped up on a search on any recent Corentyne news. I had not seen it before. He has written a series of negative articles on both CGX and FEC over recent years and early on, he did not even know that both were completely controlled by Vulture Capitalists and he lacked many other significant facts. You can comment directly to him on the Seeking Alpha site, as I have on numerous occasions. He normally will answer you..
However, we are Still Waiting 4 months since the rights to the Corentyne block expired to hear what happens to the concession. Maybe we get some positive updates on the upcoming 3Q conference call.
This even older article popped up on the same search and fills in some gaps and color on the Corentyne situation from a local news article:
CGX set to lose chance to develop 600 million barrels of oil in Corentyne block | Guyana Standard
I think all can agree that most if not all issues involving the current loss of the license can be attributed to pisspoor Mgt., mainly by the de Alba team or as I now like to refer to them, The D team, although The F team would be more a more appropriate name for them.