CGX Energy Inc V.OYL

Westcanpride

[taal]

I wasn&#39;t going to take the time to address your post Fronterra&nbsp; ownership of Cgx shares....but its so full of C.rap and misleading to shareholders..<br /> On point #1Clearly the old management Pacific Rubialies derived greater value than the current management team WRONG..the may 28 youshow the bought 8.5 million at 3.50 ...it was 85 million at .35 and the 35 million shares was really 350 million shares at .10 with 350 million warrants attached&nbsp; at.14....yes I know there was a 10 for 1 consolidation ..so don&#39;t try and say old management&nbsp; were fair ..as compared to existing management..very misleading.<br /> One point #2Rights offering ..Price was over $2before deal was made...Shareholders had one month to exercise rights at 1.63 and the price of cgx stayed between 1.70 and 1.90 for only a few days the the balance of the month remained under that1.63 guaranteeing that Fronterra would excercise the majority  of rights ..which they did roughly 99%.Stock was trading in the 1.40s when they excercised...Misleading
Also Fronterra  Never obtained 12 million share for half a penny as you have shown
Finally Fronterra couldn't care less about cgx share price...the prize is in the Corentyne license
Well ..who do you think owns one third of that license ...CGX..And who owns 80%of Cgx shares
Fronterra ...And they don't care about one third of that valuable license...I think you and your sidekick Kelvin should stop smoking that funny tobacco and stop trying to fear monger and mislead investors.....GLTA

[Kelvin]

Taal, I'm wcp's sidekick? Hardly. He's trashed people on the drilling team, one of which I have worked for before, who have nothing to do with management decisions. He even went as far as to trash the Noble Discoverer a couple of times. I wan't no association with his comments. Clear enough? OK, do your own math. I did mine and posted it. Vet it, critique it. My math could be

[westcanpride]

Wow Taal, all your complaining there. I explicitly mentioned the 10:1 split. Everyone knows about how Frontera (well trading insiders) suppressed the share price for that $1.63 share loan.  End of day, CGX has given Frontera all these shares for very little. And like idiots, CGX has allowed Frontera to never pay more money than what is absolutely necessary at the time. That was the main

[SportyJ]

Taal, my friend, you and I have debated de Alba's "loyalty" many times in the past. My belief is that de Alba doesn't view "his" investment in Guyana as two separate investments.  He views cgx guyana & fec guyana as one.  It's somewhat of a wash to him as to who owns the assets & the percentage splits.  If they get an offer for x for N

[Kelvin]

Sporty, It's just really difficult for me to believe that these exchanges of WI for cash by CGX didn't first get the approval of Guyanese authorities because they have the power to stop any deal and revoke any license. I learned, even as a young engineer, that the boss may not always be right, but the boss is always the boss. It seems that the boss is OK with what de Alba is doing. Maybe

[Schreibzey]

Interesting thought Sporty, I'm hopeful there is a Q&A after the AGM....wondering if they have the balls to open it up to angry minority shareholders in spite of this 4.7% adventure. Maybe they have lab results by then so folks won't be as angrt, maybe they hide, either way I'll grab my popcorn

[ljmorin]

Just for the record, Jaguar didn't have the right Rig for the pressures either. They shut it down due to safety concerns from pressures as well. And that was after Eagle by a bit.

[jtdd]

Jaguar was too high pressure Eagle was money, couldn't afford to drill deeper to santonian