CGX Energy Inc V.OYL

QUESTION

[soulfire]

FEC and CGX are 2 separate companies even though they are intertwined.
What is stopping CGX from getting their hands on the Resource Report and make it available to the public?
If this is Material information for CGX it has to be released. What options do we have?

[westcanpride]

De Alba and Board of Directors, both of which are directly tied with Frontera. End of day, CGX should have had complete disconnect from Frontera from a personal perspective. Doesent exist unfortunately, so any news CGX might want to release has to go through Frontera as well. Definitely sucks. 

[soulfire]

Doesn't our investment in CGX help to pay for these Reports? It should be released IMO

[westcanpride]

In a perfect world, yup, I agree with you 100%.  CGX/Frontera, unfortunately, have never been transparent or forthcoming about anything related to Guyana. It's always been secretive and shrouded in half-truths/misleading information.  I highly doubt they will now have a change of heart and release a report stating how net pay was calculated in the Maastrichtian and how many bbl

[soulfire]

I think the reason for not releaseing it has to do with the 4.7% WI. They valued it at approximately $1.04 CAD. The Resource Report probably shows a commercial discovery so it will conflict with valuation they used to steal 4.7% WI. If this is the case, this could be ripe for a class action lawsuit. I find it difficult to believe CGX gave away 36% of WI and is still broke. Only Suresh could make