CGX Energy Inc V.OYL

Full formal valuation link

[Schreibzey]

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00008921

Received this notification from CGX IR this morning, labelled "Other" in SEDAR release. 

Very interesting analysis methodology, as we would expect, details are vague because of the early exploration stage. Even the upside case DCF model caught my attention, best case (110mmboe risk recoverable at $110 per barrel Brent) puts the value at 800m. All before the drill bit touches Wei-1.

[SheDrills]

The value was purely based on Kawa-1 results w/ zero consideration of other prospects or further appraisal at Kawa-1.  This report is nothing more than Frontera CYA for continued CGX Energy small shareholder rape.

[westcanpride]

Would have to agree with you there SheDrills.  Then again, go look at Frontera...sure, they have raped CGX for easy Working Interest/shares, but for what final end goal? This report does them absolutely no favors either. Hard to demand greater financial returns in a new JV deal when this report is the best that can be produced.  End of day, Frontera is approaching close to $500MM in

[SheDrills]

I agree WCP...Frontera continues to achieve zero upside for Guyana assets and lags peers in value.  The money makers don't appreciate their old school swing for the fences high stakes exploration model.  Majors don't drill alone and neither should Frontera.  One offshore blowout would bankrupt Frontera.  This situation has always been about farmdown to a major...I just

[CLOUDER]

hey SheDrills, could yu do an anslysis of  TCF,  do you do nat gas stocks?

[Coloradobuff]

Yeah very weird. What's the end game?

[SportyJ]

Know what you own.