CGX Energy Inc V.OYL

coloradobluff:Kawa well likely found worthless gas, not oil.

[drunk@noon]

There is no market for nat gas yet, SeeTotal's press release for their successful discovery well. They stated 90 feet of net OIL pay. Then read Kawa press release. They talked of hydrocarbons, not oil. 
Also look at FEC share price. The company will cashflow 625 mill US this year, and they own over 80% of the KAWA lease area (and are stuck paying 100% of the costs due to their one-sided partnership with dead-beat CGX.
Their share price isn't reflecting a succesful well is it? 
Hope I am wrong about KAWA well, but your talk about it being a major oil discovery at this point of time is baseless. 
-See total PR reguarding pay and then look at FEC/CGX's  release.

[ShooterMcG]

You've got absolutely no idea what hydrocarbon phase they found in Kawa-1. They (Total and Apache) stated oil because they did the analysis to find out. FEC and CGX are currently doing that analysis to find out. Total and Apache have the luxury of being able to spend the time to do that analysis without the market demanding answers yesterday. CGX and FEC would've rather waited until they

[tiger77]

A totally idiotic response by a negative basher. Reality is they havent announced anything yet but if it was negative I don't think they would have taken the time to update the market with more footage of negative results but why don't we wait for the official answer rather than listening to non educated guesses.

[Gtboy]

I think you shoud call yourself "drunk all the time" instead of drunk at noon. YOu really will focus on one word and determine that they havent found oil? Really? Did you read the Government of Guyana news release about CGX fining Oil? Did you listened to Suresh's presentation and I wonder why all the excitement with CGX, the government etc since the find is all about then? So you