Comment by
Corpkid on Aug 22, 2012 12:36pm
under current conditions, CAX cash outlay will be minimul over the next twelve months. The next potential (known) leg up will be Afren drilling Madagascar. However, CAX could potentially strike a deal to sell part of its interest in Robanna that may cover upfront drilling costs which could create another leg up, but this is only speculation at this point.
Comment by
simonquinn on Aug 22, 2012 6:50pm
A little more from Robanna and ElBibane. Making enough money to be self supportive. Madagascar holdup is due to political trouble. Talks with rebels ongoing as of two weeks ago but cannot find update on this.
Comment by
golfin on Aug 27, 2012 11:46am
doesn't matter what is next...the next move is to 9 cents and above...500 bbl/day, and that is assuming no further catalysts. IMO there is NO RISK at 4.5 cents.
Comment by
pwade0821 on Aug 27, 2012 3:00pm
Glad to see you are still around Golfin. I miss seeing you Badactor and Blindbat. Hopefully we will get through this somehow. Hope all is well with you. Pat
Comment by
golfin on Sep 03, 2012 10:47am
Thanks Pat Hope all is well with you too...Hoping it is not "more of the same" with this management...but we have production, management participation in the equity here, and no risk of bankruptcy. Not very high aspirations, but I could see a move above 10 cents on any positive news. Don't see any downside here unless oil trades below $50.