CGX Energy Inc V.OYL

Tough sale!

[Dell1]

It appears to be a very hard job to attract new JV partners into our block with the current results. I am sure many companies have already taken a look at our data room and they were not as excited as they should be. I am still holding my position and only hoping that something will be finalized, considering that an extension to the current lease is required in June this year. It would be interesting to see if Frontera management is going to come up with something at the last minute. We could speculate that there are some potential JV partners who are waiting and are tough negotiators, and would like to propose something at the last minute. Unfortunately, with the current market trend and no particular leads, we might end up below 20 cents very soon.

You are welcome to continue the conversation, but that's all I can say at this point.

[Frank007]

$.20 cents ..lol ....I bought a sh.t load today at $.28 cents ....you are valuing this at about 70 milion ...over 700 million has been invested here ...and as Christins ..Shedrill will estimate in place right now d risked is 600, mill marred at approx $5 ....yikes that values cgx shares at least $3 us ...lol ..you sell me all you $.20 shares please