CGX Energy Inc V.OYL

Opinion

[taal]

I think we all have a general idea where our share price will be if Kawa is a hit...but what happens to cgx if Kawa is a Miss.... We still have Demmarra and on shore and DWP....My thought is if Kawa hits their next drill campaign is in the Corentyne block ...Guyana will give extention on Demmarra. IF Kawa is a miss then I think they drill Demarara to keep the license in good standing..Dont think the gov ..will give them leeway on a miss Regardless Cgx is committed to drill another well ...so this is Not an All or None deal...Thoughts anyone??

[whyworry]

No doubt the stock would sell off, but I agree with you that there is lot of value left even if Kawa is not commercial.  Bottom at .75-.80? I just hope like hell that they partner before they attempt anything else.   Having said that, I am optimistic for Kawa.  I think this well is at least a commercial find, and more likely a blockbuster!

[stark15]

for my 2 cents, here is my scenario going forward from today.... the stock rises to around $1.63 by end of business Thursday......Friday starts a steady rise into November to $2+...... Somewhere around mid-november news is leaked and we come in one day and see, Bid $2.50 Ask $5.50 or something along those lines.  I dont care how much of a lockdown there is....something always gets leaked

[Beaner1814]

As CGX rightly alludes to under the Offering Circular, its ability to continue to operate as a going concern hinges on: the Rights Offering covering its short term liquidity requirements; and the historical track record of CGX to find alternative financing for future commitments. While the intervention of FEC following the dismal outcome of Jaguar-1 has brought about the perfect conditions to