CGX Energy Inc V.OYL

News!

[Gtboy]

Some great news!

https://www.newsfilecorp.com/release/74000/CGX-Energy-Announces-Appointments-of-Professor-Mark-Zoback-to-the-Board-of-Directors-and-Jennifer-Budlong-as-Exploration-Manager

Glta

[ljmorin]

Very positive yes, thanks for that Gt. The only part I reluctantly scanned the article for is. Who is paying for it all?  Show me the money? Sure hope there's a follow up on that minor detail........ GLTA, lj

[Gtboy]

Guys listen, This is positive in all respects, the expansion of the board is a major issue as it speaks of having more experienced and specialists hands on board for decision making. I recall that I once attended a face to face AGM in Toronto and it was just Suresh and two older guys and I didnt feel at all good. I always say a crowd draws a crowd. Now we have 6 Board members sho are highly

[jada13]

Love it.Now lets get some drilling done and hit those big money targets we have been waiting for all these years.$$$$$$$

[waitingstill]

Great news. Just to be clear that they will spud in second half of this year and not second quarter. Show me the money! Where is it going to come from. And that port thing. Very strange. Minor $130mil price tag. But moving forward. Anyone notice that de Alba did the talking and not Suresh? Could be a good sign.

[ljmorin]

It seems CGX has insisted on keeping the operatorship of the leases whatever the deal is. Not sure what to read into that?

[waitingstill]

Well, considering they currently don't have a JV partner, they pretty much have to work like they are the operator. If they didn't and for whatever reason they don't get a JV, they would be totally hooped. Because they need to get the process moving like they have. So I would think this is to grab them in an be expected, and needed, and good news for us.