CGX Energy Inc V.OYL

Re Share price

[taal]

Of course its better to wait..for more money...but only IF we hit oil...Thats one Big IF....There is much riding on the line for us Oyl shareholders and much More for Fronterra who is the Biggest shareholder with probably now more than $200mil invested...to let it all roll on a one well program.. I for one would much rather see a J.V and a multi well program and settle for less.... Still think a J.V. is still in the works.

[YancyDerringer]

Taal you just said it, Frontera has a lot riding on this, therefore I think they are very confident of a successful drilling program! They are ABI .:)YD

[firo1988gt]

Sorry but what is the meaning of    ABI?????? FIERO  GLTA

[waitingstill]

Yes, I believe the CoS was quoted at 35 percent I believe. That is a big roll of the dice if you are all in. I would have preferred a great JV that gave external validation and allowed some off loading of risk prior to target depth. Alas, not to be and any JV now will likely be small and not satisfying. Let's just jppe we have a drill run up like RECO. Probably about 6 weeks and drill will be

[stark15]

IF there had not been all these discoveries around us and DeAlba & co didnt slam on the brakes to do more 3D seizmic where they are drilling, i would be totally in the 'get a JV before we drill' camp....but i dont think its as BIG an IF as some think.....i said it before, DeAlba has done all the right things leading to this point...i am not doubting him now......i think he wants his

[Schreibzey]

De Alba knows he has the port. I'm not well versed in port operations of Guyana, but it seems the port is a decent hedge to the risk of going alone on either block. It's two drills, decent COs like you've all mentioned. This is different that other exploration plays in that they're not just a one trick pony. 

[Schreibzey]

To that point, de Alba knows you have to grease the skids a bit in business with the South American countries. That's the only explanation why they've kept the insiders like suresh et al. He knows what he's doing. I think we are a little tight for a JV with a pending drill, but I do believe there are companies standing by.