CGX Energy Inc V.OYL

1B BOE...

[Mat1791]

Need to address my hypothetical example, yes HYPOTHETICAL EXAMPLE...

Achievable, sure, but I have no clue. Could be 100MM BOE, or 2B BOE, or zero??

I just used that number to illustrate, in simple terms, how Corentyne success would effect both OYL and FEC share price valuations.

I appreciate all the private messages, however, the BOE was not the point of my posts, and not my intentions to mislead anyone to think that's what the number will be.

However, wouldn't that be sweet :)

GLTA

[SportyJ]

Mat1791, for a back of the napkin late Friday night post in between a few adult beverages it was pretty darn good.  Slight correction, FEC has 86.6m shares out not 97.2m. Best of luck. 

[Mat1791]

Thanks, I took this from the TMX Key Data Last updated: Jan 21, 2023, 11:01 AM ET   Source: QuoteMedia   Open 12.41 Day High/Low 12.53/12.29 52 Week High/Low 15.95/8.53 Close 12.46 Prev. Close 12.49 Volume 57,716 Market Cap 1,211,044,417

[SportyJ]

Per Frontera's Q3 2022 ER dated 11/1/2022 (per their website): As at September 30, 2022, Frontera had 86,575,175 common shares outstanding. Through the Company's current NCIB, the Company has repurchased 3,183,600 common shares for cancellation for approximately $32.5 million as of November 1, 2022. Frontera may purchase up to 4,787,976 common shares, representing

[Mat1791]

Thanks, noted.

[SportyJ]

Mat1791, hey there may be some FEC warrants or convertibles I'm not considering in total outstanding shares. My point is you made a great post that brings out good discussion of stuff that matters rather than the usual bickering of personalities over the meaningless.  In the meantime, I'll bet Wei is underway and we should be extremely hopeful of its potential results. Glta and all