CGX Energy Inc V.OYL

Wei results leaking

[JJJRRR]

Maybe the well results are leaking and it is commercial!!
More drilling is necessary! Back down to $.50 and more shares issued??
hopefully this is not the case!!

[Kelvin]

Who knows? Tell me, somebody, how even they would know, with only near well bore results and cuttings? 

[Harel1976]

Nobody knows but on this forum everybody knows before the drilling they are going to be rich and if you dont support that you are not welcome.  The fact is that fec is a small to medium oiler, not fit to go solo on such wells, and they are going solo funding cgx and playing with the numbers to make it look like cgx is worth something. Fec already spent on this block more then half a billion

[Kelvin]

Yeah 500 million recoverable is over a one billion barrel find since max recoverable, without secondary (downhole pumps) and tertiary (water flooding) which is not economical deep water, is only 50% max from what I've ascertained. My guess is that they're close to commercial or fec wouldn't have just paid $16 million USD for 4.7%.  But oyl has no money. And no "white knight

[SportyJ]

Dirk, I'll give you one scenario that would goose the sp.  So, we were told that Wei was a exploration & an appraisal well (not sure how it can be but whatever). If they set production csg before abandonment with the idea of coming back later to perf & test; now that would be something!  You'd like that Dirk, no? Know this probably didn't happen but in the effort to

[Kelvin]

Sporty, how do I know 100% sure that you're oil patch probably with a degree in petroleum engineering from the University of Tulsa? Yup, that would do it for sure. Problem right now is that it, as you probably know, costs anywhere from 30 to $50 million to test an HTHP well. They ran out of available cash flow to do it is my guess. And cgx has no revenues to help out. Technically I think that