CGX Energy Inc V.OYL

Loan terms

[waitingstill]

I think this extension has nothing to do with what offers have been coming in. How could it when all the data is not even back. Companies are not going to be throwing out offers without complete data so that assumption is premature imo. It is more likely to do with either tsx regulation and/or a realization that it would be unreasonable to complete a JV and get govt approval within such a short time frame when data is taking so long to be completed. This buys CGX another year. Not sure how/why people are taking it as a negative.

[Schreibzey]

This eludes to what I was referring to. The other blocks and port probably aren't going to get a carry, or FEC/OYL may not want to include them in a farm-in. An extension of $35M lengthens that money life to possibly fund the other stuff. 

[Beaner1814]

Given the extension to September 2023 and the indication that they are still awaiting TSX approval, I too am of the opinion it has to do with the regulator requiring terms more agreeable to the rules pertaining to special transactions, especially those that would affect minority shareholders. In my opinion I believe those that have overlooked this particular bit have lost sight of the object of