Comment by
Kelvin on Oct 07, 2023 3:04pm
No comments yet? I was waiting on somebody to connect the dots on how fec/cgx withholding results gets them a better deal with the Guyanese government unless maybe they're negociating with the gov along with potential jv partners.
Comment by
SheDrills on Oct 07, 2023 4:42pm
They have zero power against the government, if they don't pursue a development or extend the appraisal period the acreage goes back to the government to release to a new company. Don't fool yourself that the delays are part of a negotiation...that's ridiculous.
Comment by
waitingstill on Oct 07, 2023 4:58pm
The company has explicitly tolfd many shareholders that they don't have results and this was posted on these boards. I highly doubt that even this management would explicitly lie in emails to shareholders. Therefore, THERE ARE NO SANTONIAN RESULTS to report. Not sure what is the difficulty in understanding that.
Comment by
SheDrills on Oct 07, 2023 6:37pm
Private Messages to shareholders aren't formal announcements. CGX & Frontera both deserve to be called out for not issuing PR after missing their own timeline.
Comment by
waitingstill on Oct 07, 2023 11:09pm
I agree but the point is this. They are NOT sitting on results like so many here like to moan about. If they were, the would not be sending out even one Email saying what they have written. Is that satisfactory? No but that is not the point. Everyone on SH and ST knows what they sent to a few shareholders. A formal NR would have been appropriate but, again, not my point.
Comment by
SheDrills on Oct 09, 2023 12:45pm
Your point seemed to be that they look for another provider multiple months into the analysis work. I know you are fustrasted but be serious...there are only 2-3 providers of this type of work and switching mid cycle would be a mistake.
Comment by
waitingstill on Oct 09, 2023 5:45pm
No, my point is that I dso not believe they are sitting and withhilding results like so many on thus forum. I agree that we have wait until they get the actual results but that they are not back yet. That is all