CGX Energy Inc V.OYL

Cgx/fec slide presentation

[Kelvin]

I downloaded it, gleaned what I was able to with my limited knowledge of earth science and petrophysics and am at a loss to understand why the sp is so low. Especially after studying slides 14, 15, 16, 17 and 18 which clearly show the sandy channel fairway in the Maas with approximately 1 Darcy permeability, no less! It is surrounded by shale which is impermeable. But the channel is well defined which is why it's called the Golden Lane. The fluids taken from it have a GOR of 380. A quick search and cursory look at what GOR means tells me that a GOR of 380 is light oil. Plus the channel is very long and one of many in Corentyne.

So what exactly is going on with the sp then? To me, they found oil and lots of it. I wish that expert eyes could review the presentation and report on their assessment. Do they see something that might depress the bid interest? Or is it something non-technical bugging investors?

[Mbxwatcher]

I watched the presentation on You Tube........and I am absolutely not a geophysicist, or whatever other degree one needs to understand this. However, my impressions are that they were clear, concise, and well informed. They know what they have and they know that someday, someone, is going to make a whole bunch of money in the Northern Corentyne block in Guyana. I think their estimate is low

[Phantomblogger]

"This should be a golden opportunity to average down" THEN YOU GO RIGHT AHEAD AND AVERAGE DOWN! A man who gave away half of the company for one drill, even though oil was found in Kawa and Wei was going to yield 500 million barrels in the least! Why would you give away your palace when you know its real value? Why would you? Did DeAlba hold a gun to his head? What will he give away for

[Mbxwatcher]

LOL, my prose obviously did not properly describe my intent. What I meant to convey is that based on the presentation, and what it looks like is present in the basin, it should be a golden opportunity to average down. However, I also stated that I would not, and for the reasons you outlined later in your post......and more.

[Udinese69]

Maybe it has to do with Commitment of the leases to drill ? on time.   $$$$$$$$$$$$$$$$$$ Guyana  Gov. How many leases did OYL have from the first day ? roughly over 23 years ago No $$ to commit ?   Good Bye   Do your DD review. Drilled several wells How many leases does OYL have Today . Maybe the big fish always try to eat the small Fish    All about