CGX Energy Inc V.OYL

Demobilization

[taal]

There has been No official news release either on the Chx or Fronterra web sites regarding demobilization.On the Oil now report they made Sure to tie in the Demobilization with the fact that the well was taking too long to drill and the cost were over run by $40 million ...Therefore anyone especially shareholders might assume the they are demobilizing because costs are too great... I DONT TRUST Fronterra...They would have had to approve this very ambiguious report . ARE THEY STILL DRILLING?????

[lexxus296111111]

Guys... the announcement is premature just like the first announcement that was made warning marine traffic that CGX had started drilling. That announcement was made on July 2nd. CGX didn't start drilling until the second half of August. That announcement also stated that drilling would continue until December 15th. Which has clearly changed based on the NR we received from the company

[Miftee9]

Well, Maybe they have announced it because they need to give notice that they are going to demob at a certain point.  Just because they announced it does not mean that they started demob. already.  Maybe they reached TD, know that they only need a few more days to test and then demob begins.  Since this info is out there I suspect a halt is coming tomorrow since some markets are