Eco (Atlantic) Oil & Gas Ltd V.EOG

This Gets Nerve Wracking

[argaiv]

Watching these stocks flounder waiting for them to make that all important discovery.

I think there used to be some CGX shareholders here.  What happened over there.  They had that spike over $2 a share a couple of years back, and now they are down to 0.39.

[GripnRip]

As I recall, OYL mngmnt was talking about - 342 Feet (104 meters) of Total Net Pay Discovered to Date on North Then this news came out on Nov 9 114 feet (35 meters) of net pay at the Wei-1 well on the Corentyne bloc SP tanked Just how i read tea leaves

[Lonegaurdian19]

I was just thinking about this. Feel free to correct me if I'm wrong here.  The reason the two are not apples to apples is that CGX is laden with debt owed to Frontera. The latter has some operations in SA elsewhere and was funding CGX. It was a weird arrangement, it still does give some incite into the Guyana market though.

[Ogopogo007]

The debt was always there, OYL blows out their cash register and then goes to Frontera on bended knee, then issues a whack of cheap paper. I agree with others...looking at SP chart, tanked when NR was released. OYL screwed up so badly in past, didn't have any $$$ to meet min expendatures on another block that reverted back to Gov't. Believe they have spent something like $170,000,000