CGX Energy Inc V.OYL

Re Dirk

[taal]

Where do u come up with longs slowly bailing out...I beg to differ..True longs on this board that have been here for quite some time are Not bailing out...There has been many unaware ...uneducated ..quaizi investors that entered the frey in the $2....$3 range that are fed up holding so a lot are selling to get into other investments ...You are correct in saying that most longs would have a hard time getting out without crashing the share price But most longs including myself have been here for a long time and don't plan on selling for pennies...will see this out till the end...Fronterra just put out close to $75 million at $1.63 per share...and they are an insider...Wonder if that tells you something..After Wei ...dont forget Eagle Deep possible 2.5 billion barrels...

[Dirksidetrack]

Well somebody is selling at these prices if I correctly understand how markets work. The posted sp is the last settled trade. Somebody who saw more value receiving 97 cents per share than the shares that they were surrendering made the trade. Do they know something or are they sick of not knowing anything? Like me.

[Duderrr]

Exactly. This low volume selling (even vs. public float) won't dictate the price of any sort of takeover offer... if that even ends up being the case. Shareholders with large positions are holding out because they know that. I'd be pretty concerned about the current price if a private placement was happening, but that would dilute Frontera as well so it's highly unlikely. Not too

[SportyJ]

Duderrr, the idea of selling down C blk to fec hadn't occurred to me in contemplating Cgx financing options for Wei etc. Cudos for bringing that idea to this board! In the end, even with a JV with a major, Cgx is going to decrease its ownership in its asset(s). Owning less and gaining more in the future is not a bad thing. However, with Fec it's always a question of it will truly be an

[waitingstill]

Good thoughts Duderrr. What we need to know is HOW is CGX going to get the money for Wei. What we, as shareholders, need to know FOR SURE, is that CGX is going to be a full participant in Wei because we know that is where the money is. To me, that is the most important thing to identify. Any deal that gets us fully funded for Wei is what we need - as long as it is reasonable! I think that most of