CGX Energy Inc V.OYL

Game Theory

[SheDrills]

This is what I'm thinking..,

the cores revealed that the Santonian was a trash reservoir.  Maybe Exxon or Total could do something w/ it but the current CGX/FEC team doesn't have the technical competency to make it work so they are writing it off and focusing on an an easier sales pitch.

These guys don't want to drill another well. Frontera drilling manager left the week after Wei was finished and Lacy likely never intended to be drilling a second well when he came on board in 2021. Lacy is in his late 60s, he has his own drilling consulting company and I would wager CGX is mostly headaches for him.

[SheDrills]

I still think they are crooks....because if the Santonian is trash they had indicators of that when they told the market 210 ft of pay.  

[westcanpride]

That's the entire thing that bothers me.  if they were honest in June and said 50ft or so of pay, that be life. Instead they indicated 210ft.  Never once has the JV come back from previous news releases in Kawa or Wei and said the net pay was changing more than a couple feet here or there.  If they knew the net pay was going to decrease more than 50% (and thus were

[SheDrills]

Yes, I agree.  They excluded the word "gross" from that June PR and I believe Frontera flat out lied on Friday w/ that pathetic excuse.