CGX Energy Inc V.OYL

good points **********

[stark15]

.from the other board, 'shedrills' made some great points.... I emailed asking whether or not the well had been spud & if a PR announcement would be made at that time. This is their reply.... "Sorry, we cannot comment on that, since that information is not public at the moment. We release to the market whenever there is a material event happening, as soon as there is something to inform, we will do it promptly." So there you have it...a simple spud action is not material. A bit hitting the mud line does not add NPV to a company's assets. A bit drilling surface hole above potential pay zones doesn't prove anything. for the watchers who are crying about no PR regarding spud...why don't you google how many spud announcements $XOM, $CVX, $APA ect have made? MOST E&P companies DON'T share their every move...they only make high level announcements.....its almost funny to see posters on this board agonize about where the $$$ is coming from, why no spud pr etc etc etc......RELAX.....don't worry about things u have ZERO control over.....the pr (s) are coming, and when they do we will all be ALOT richer because we didn't sell out like clouder/catman at .30-.40 LOL

[westcanpride]

I would disagree with this statement from SheDrills. CGX has made press releases in the past with regards to new hires and share based payments to its staff. If those are considered are "material events", then what the heck is a $100MM USD spud considered? Chop liver? Let's be real, companies like Exxon and Chevron do not do blow by blow calls of their monthly operations because

[tiger77]

I said it days ago and I'll say it again.  My best guyess is a NR before open on Monday where we may here about spudding but who knows what else as well.

[stark15]

WCP I think u r dissecting a simple reply from CGX so u can worry some more....you have been around long enough to know this company has not communicated well with its shareholders and yet u continue to worry/post about EVERYTHING you have no control over and USUALLY assume the worst or come up with wild negative theories/outcomes......u keep pounding away if it makes u feel better.....it doesnt

[Jbadboy28]

In agreement 110% We have a serious conflict of interest in the fact that Gabriel de Alba is leading this venture for us shareholders...yes he's a sharp guy but he's also a Partner and a senior officer over at Catalyst Capital Group who controls over 30%of Frontera energy... information is for all to see on the Catalyst site... that's why the blackout regarding this spud