CGX Energy Inc V.OYL

What is the game?

[Phantomblogger]

Is it a brutal day for our OYL?
It is unfathomable that we're still drilling "metallic rock" to get to TD!
The only thing I can see in my mind, is negotiations over pricing; i.e. testing samples, etc etc. bargaining ...
I DO KNOW that when you work for a company and are busy 24/7, Share Prices of your company may not be at the top of your list.
This kind of scenario can lead to loose and shaky hands for Penny traders as well as Longs. Hold Strong. Don't give away your shares, it's been building a base up here!
Stocks don't lie! lol
GLTA Phantom

[jada13]

For sure.the new partner wants everything down in black and white and so does CGX for the deal.nobody spends this kind of money on nothing. Just a matter of time.

[geomanx02]

The longer the rig is on location the more obvious it becomes that they are experiencing drilling/hole problems. Hope their seismic department is more competent than their drilling department......

[Coloradobuff]

It's either that or they are slow playing a hit or a miss for obvious reasons. 

[geomanx02]

With cost of rig and support vessels of near $1MM/day. doubt they are keeping the rig on location in order to slow play a hit or a miss.   CGX doesn't have sufficient funds to buy a senior cup of coffee at McDonalds....

[dragonfly454]

Yeah mate from tomorrow Mickey Dees takes DogeShitaki as cowrie shell ...sure we got some Doge can buy coffee ....Butterfingers US$1.86 hurry up and buy ..Lau Lau,Haimara,Pluma,Maka Central....geomanx I have a tin with you and a Spanish dude on it

[bullishdude]

We can speculate all we want but the CGX/FEC can decide to announce the results only after testing not after just drilling. It is completely their call. Testing after drilling to TD and casing could easily take 4 weeks or more from the last Press/News Release. Also there could be drilling problems which may have lead to a sidetrack. at the depths we are talking 4 weeks would be very normal. So it

[Investnowplease]

I doubt its drilling.  My worry is a bad cement job. Worst nightmare.   very much doubt now a DST or test.  time will tell.   fingers crossed.  whats incredible is the total crickets. No leaks of info.   

[ljmorin]

Thanks Tips, Do you think every wildcat drill team knows exactly what they will encounter no matter how great the siesmic is? Do you know if there were possibly mechanical problems with the Rig? [whick there was] Re evaluation when you encounter anomalies to move forward safely can take some time as well? Win or lose we have the best drilling/design A team money can basically buy, mostly with

[ShooterMcG]

Some hard evidence of the rig mechanical problems: https://www.linkedin.com/posts/rigmax_guyana-rigbuilders-derrickbuilders-activity-6890821709692239872-F6Ld Hopefully them taking photos on the helipad smiling is an indication of things improving.