Post by
taal on Nov 22, 2021 11:15pm
Phantom
As I've said many times Fec or Cgx for that matter have never been or are interested in us minority shareholders...Fec is Not In any way concerned about the share price...They are now and have always tried to attract as little attention as possible towards this play...Keep in mind ..when a play ...campaign...or whatever you wish to call it is legit...And this IS LEGIT There is no need to promote your share price...Keep the lid on...Those who are in ...Are in... Fec wants oil ...not interested in promoting share price.... Thank God Fec interests are aligned with ours...They have a lot of money invested and a great deal at stake.....Once we find oil...the games will still continue but at a higher price level.... I suspect some violent swings in share price the closer we get to TD. I Personally have not sold a single share yet....I was hoping by now our share price would have been in the 2.50....3.00 range....The share price is way undervalued in relation to the risk...they still have another well to drill and still are in control of 3 licenses ....Again is suspect the share price will move upwards in early Dec.....GLTA
Comment by
Sparky5968 on Nov 23, 2021 12:23am
One more thing... the Corentyne well is to be drilled by Nov. 27 as per the renegotiated PPL. Anyone have any idea of the consequences if we miss this deadliine?
Comment by
SheDrills on Nov 23, 2021 12:45pm
That date was the deadline to spud the well, not to have it completed. The target commitment to was achieved and they can hold onto the license no problem.
Comment by
Sparky5968 on Nov 23, 2021 2:08pm
Thanks for clarifying SheDrills. After re-reading the PR's, especially the Feb. 16 one about the Berbice well, I agree.