Post by
westcanpride on Dec 14, 2022 10:44am
Guyana Government and Frontera relationship
The past year has seen a tremendous amount of negative press coverage relaying how the government is unhappy with CGX/Frontera. In fact, recent articles over the past couple weeks continue to punctuate this message very clearly. Lots of messaging likely stems from the fact the government has now tasted success (Exxon JV, increased attention by NOCs/IOCs) and sees what a sucessful partnership entails from all angles.
Additionally, I think a majority of the negative coverage stems from the fact that CGX has been taken over by Frontera (both WI and share ownership) and the government has absolutely no loyalty to Frontera. CGX will always have a special place in the heart of Guyana officials... Frontera (and by extension heartless Catalyst Capital)... well, they probably have as much value to the government as yesterday's left over table scraps and the government is now letting it be known!
For all the negative coverage on these boards towards Suresh, he still served as a valuable piece to keeping government officials happy. It is super clear that Frontera, and their management team, have done themselves no favors in continuing this trend that Suresh started and the government is now firing back.
Comment by
1StewPidBatPiss on Dec 14, 2022 5:37pm
Wow how does one distill that down? OK for me it's simple. Cgx/fec find oil in Coretyne now or bust. Cgx and fec could lose it all on a dry hole. We all know that! Yet sp remains robust.Why? No volatility, no worries. Just sp stability. Explain that please.
Comment by
1StewPidBatPiss on Dec 14, 2022 6:10pm
Very wel said Mannnyman99. You did the math. Love to see rebuttals to yoit arguments.