CGX Energy Inc V.OYL

Bless Exxon JV

[westcanpride]

https://oilnow.gy/featured/oil-and-gas-opened-world-of-new-opportunities-for-guyana/

As this article shows, the power of oil production is revolutionary for Guyana. Thank god for them that it was Exxon and the JV partners who found that oil. 

Could you imagine if that was Frontera and CGX who made those initial discoveries? They probably would have downgraded/outright abandoned those discoveries due to their lack of understanding regarding net pay and made excuses with regards to what is required to make an oil field economic. Hell, I could even see someone like Victor Vega going on record and saying the sands within the Liza field aren't permeable enough to make an economic play back in 2015.... these are the kind of lowlife idiots we have working Corentyne. 

Sometimes luck shines through... Guyana truly was blessed with Exxon JV. On the other hand, they are burdened with buttfu*k CGX/Frontera destroying value in Corentyne and the onshore port. Win some and you lose some... luck for them the mammoth win has occurred with Exxon JV.

[Kelvin]

Yeah wcp fec's comment in their recent NR about "water wet" rock in the Maas threw me. Why even mention that? Got people asking if cgx/fec drilled deepwater wells or deep waterwells. They didn't clarify what they meant. When petrophysicists talk about water wet rock they are talking about rock that water soaks onto it's surfaces and oil beads up on. In other words the rock

[westcanpride]

All we can hope Kelvin is that this JV team is being honest with Houilan Lockey when disclosing all available data. Enough with these bloody games.  Even more importantly, Houilan is just a middle man that will help ensure a fair deal. The other company looking at doing the buying will make the final decision... so with that, I really hope like hell that this JV team gives all relevant data