Post by
SportyJ on May 10, 2022 7:47am
Webinar
Overall, I liked the presentation. First, the fact the team was able to get Kawa down to TD is something even the majors are taking note of. Second, the oil/gas/condensate debate is answered by the decision to go forward with Wei. Would they spend another $100 million if Kawa was a dud (non commercial)? I don't think so. Third, they did double back flips assuring the protection of minority shareholders and the independence of CGX & FEC. Whether one believes it or not; Cgx appears concerned about the perception by the market. Fifth, the majors are also very interested in what was seen in the Coniacian. Lastly, Now we wait on financing for Wei which the wait will be painful if they can't get the sp to double or triple from here. Of course a favorable JV, which seems like a long shot, could solve all this. All imo. PS: the trading halt was bush league.
Comment by
Schreibzey on May 10, 2022 8:27am
The conician interval wasn't fully drilled either, they took a kick, but could have been much larger. Also opened other exploratory options within that interval.