CGX Energy Inc V.OYL

Deadline for receiving bids.

[Devanand1]

I hope that this process of finding a partner is not open ended and there is some sort of deadline for submitting bids. We are now in April  and in my opinion, we should have some expression of interest by now.

[Zibo510]

Taking into consideration that CGXs PPL expires in June, one would think that some kind of a resolution would have to be reached before that time. 

[soulfire]

I believe there was talk on the boards of a deal after KAWA1, can't see how with 2 discoveries us not having a single bid or multiple bids. The companies sold us on the Santonian which turned out disappointing, however the prize is in the Mastrictian and Campanian...who cares, there is a lot of oil there, other companies are not that stupid.

[Mbxwatcher]

I could be wrong......but to me our problem is leverage. We have an expiring license (to my understanding), and the other companies also know that. My guess is that our only hope is 2 or more companies want the license and we get something of a bidding war... IMO this thing goes down to the wire in June...

[Frank007]

Corentyene licence is in the development stage  the licence you are indicating is for the exploration phase ...long past that ....the development plan .....extended the licence for two more years ...do your.research and quit trying to scare people out of their position ....I have been buying every day ...once that news is realleaded ..a pop to a4ound the $1.60 ...will be in order that's