CGX Energy Inc V.OYL

Q2-2021: FRONTERA & CGX ENERGY EARNINGS RELEASE

[OIL_RUN]

Prepared statements speak for themselves...


Gabriel de Alba, Chairman of the Board of Directors, commented:  "...I believe that the Kawa-1 well is one of the most exciting exploration wells in the world with a potential discovery serving as a key value creation catalyst."  

Orlando Cabrales , Chief Executive Officer (CEO), Frontera, commented:  "..the Company is thrilled that drilling will begin shortly on the potentially transformational Kawa-1 well offshore Guyana ."  

Links follows:

https://money.tmx.com/en/quote/OYL/news/6864408499633096/CGX_Energy_Announces_Filing_of_Second_Quarter_Financial_Statements


https://money.tmx.com/en/quote/FEC/news/8764023769891169/Frontera_Announces_Second_Quarter_2021_Results

[stark15]

It has been my experience that CEO's and Chairman's are usually reserved in their comments ..when I hear words like "most exciting" and "transformational" used by these guys.....it speaks VOLUME$...GLTA

[JJJRRR]

I AM PUMPED. This is the reason Frontera and CGX did not want a partner!. All for themselves! And Us  of course! Q2-2021: FRONTERA & CGX ENERGY EARNINGS RELEASE Prepared statements speak for themselves... Gabriel de Alba, Chairman of the Board of Directors, commented:  "...I believe that the Kawa-1 well is one of the most exciting exploration wells in the

[stark15]

The closer we get to drilling/well results....the more EXPENSIVE a farm out deal gets.....the price goes up everyday! GLTA

[waitingstill]

Agreed stark15. FEC playing a game of chicken here. The further we get into the drill, the higher the asking price. And if we hit, BOOM, the price will be like what APA got from Total. Exciting times!

[waitingstill]

Plus, over 1 million shares traded already today on all platforms. The more shares moving at these prices, the better for us. 

[OIL_RUN]

Listened to the Frontera earnings call - very positive. The Q&A was perhaps the most insightful as a question was asked about the timing of bringing in a third party partner.  In response, Frontera outlined their high confidence in the prospect and are thrilled to be drilling it. The primary target is a Santonian interval. There are two secondary targets - one is campanian and the

[ljmorin]

Thanks as usual Oil Run, Yes I believe a Farm in seems allot more iminent now with more suiters at the table than when Suresh talked about it. I think they truly had to demonstrate they were completely prepared to go it alone.

[westcanpride]

I truly hope Frontera is moving closer to a JV deal.  Its clear their own production and earnings from Columbia are not doing very well. Another $25MM USD net loss for 2Q (this is not good and reflects poorly on their entire management team, especially given brent oil was well above $70USD for much of 2Q). Frontera, outside of Guyana, is doing very poorly and this trend has continued for

[soulfire]

WCP just enjoy to run. Let the rest sort itself out.

[Windyhill]

WCP you could just sell and move on as well and drag some other stock down with your continual negative sentiments. 

[Windyhill]

Thank you for your feedback on the Conference call Oil_Run