CGX Energy Inc V.OYL

Total and Apache …

[Frank007]

The fid was put off not because of the resourse it was because of the instability of the Surinam gov,t ....better do better research ...and yes a couple of eara delineation wells are still need to be drilled but they will easily be payed out of Frontera cash flow ....just as kawa and wei were ....a couple of years for sure but do able ....

[westcanpride]

So your 100% with Frontera pushing the majority of their free cash flow into more Guyana exploration/appraisal wells? Wells that will generate $0 in profit for Frontera since these ones will also be plugged and abandoned. Unless a FID is ever made from these wells, they are in essence sunk capital that will never generate returns. That's the risk/reward of offshore drilling.  Give your

[Kelvin]

Gotta agree with you there wcp. I mean how in the heck do they know what they have without first testing the well? XOM Liza-1 was an exploration well, not optimized to be tested much less completed. Hole diameter too small at TD. They then drilled appraisal well Liza-2 with larger hole diameter at TD that could be tested. They tested it and found no permeability barriers or "

[soulfire]

Kelvin, you are peddling misinformation. See excerpt fron latest NR below The Wei-1 well encountered 210 feet of hydrocarbon bearing sands in the Santonian horizon. The Joint Venture acquired wireline logs and extensive core samples from the Santonian, however, due to a tool failure downhole and a new tool not being available, oil samples were not obtained. The rock and fluid properties

[Kelvin]

No soulfire, I know how this works. Investors want to see flow tests over various choke sizes. Shut-in and pressure build back rates. They want to know that a well can flow 80,000 bbl/day for say 15 years. Prove that and then let's talk "money talks, bullshit walks".

[Mbxwatcher]

I far prefer the glorious posts of large deals dramatically increasing the stock price. Unfortunately as an investor, I need to learn to listen to all points of view and then draw my own conclusions, and it is certain that this board is home to many knowledgable people, who I can learn from As previously stated, I paid my money and took my risks.....so here I wait. I am concerned that at this

[Kelvin]

Well I mean if Wei were proven to put out 80,000 per day and 2 or 3 other production wells could put out over 200k per day over 15 years does anybody think that there would be so little interest? Listen folks, don't jump all over me. Where is the interest??????

[zerbo]

Well, Total put down 7.5 billon US$ to Apache without flow testing.

[Kelvin]

Good observation Zerbo! Why? Cause Apache has the cash to cover their potential losses?

[soulfire]

You said they didn't test it??? Was just trying to show that they were doing tests. Don't get me wrong, I'm as frustrated as everyone with lack of updates, info. etc. I have to believe with good permeabililty in the Santonian the SP will move up. The lack of samples reminded everyone of the KAWA1 debacle. Fact is we do have a confirmed 77 feet of pay, if permeability is great, the 210

[Kelvin]

Sorry soul. Gotta be clearer on my definitions. I mean flow test it. Open the formations to flow up to the surface.

[soulfire]

No worries