CGX Energy Inc V.OYL

New hire

[waitingstill]

Any of you rig guys know what the new hire brings to the team? Just looking at his work history, it mostly states "drilling and completions". Wouldn't they already have someone in place for that considering that are already 60+ days into drilling and you would hope someone on the team knows about "completions". But I have no clue to hopefully someone can fill me in with some insight into why to snagged this well experienced guy at this point. TIA.

[oldcompanyman]

Hi waitingstill, Durkee is already part  of the team who is drilling the well, nis name was mentioned in the presentation a few weeks back. All of the guys below Lacy must be dayraters at the moment (very usual for drillers, the work is very fickle so especially small companies mostly take us dayraters for a campaign and let us go after the well(s), nothing strange in that). So what I read

[Beaner1814]

I would have to agree. It does seem like a swing to bring him on given his previous experience. But given his last role at Anadarko (now Oxy), it could be a move to bring on some top talent that could be utilised elsewhere if the need arises. Also, CGX already has a VP of Operations, so Durkee's appointment would have to have been elsewhere. Also, OCM I believe you indicated correctly. The

[ljmorin]

I'll put it this way, you don't need a  completions guy to cap and abandon a well. They set them up for production. Or  whatever your future plans are for the wells.

[jada13]

You would not waist your money on something you didn't already have.could have hired him later.she sold to drop stock price .the games of the rich.im not selling till cgx is sold.

[Dirksidetrack]

Yup you must be oil patch or close to it. To put Kawa into production ya gonna need to drill and complete 15 wells going by what XOM had to do to put Liza online which was 17 wells. That's what? About 3 offshore rigs that he is going to manage. Don't know about anybody else on the board but I can barely manage a post hole digger, much less, what he's facing. But he's done it before