CGX Energy Inc V.OYL

Political Pressure Likely at Play to Achieve a Deal

[SheDrills]

XOM is working the acreage North of OYL.V and FEC.TO hard right now. (see page 18 & 19 of the link).

TTE and APA will FID Block 58 in Q4.

Qatar Energy just farmed into CVX Suriname block nearby.

It feels like the Guyana government is pressuring the JV into a deal.

Who is going to be?

XOM CVX CNOOC TTE APA all still in the mix but Stabroek JV would have the best economies of scale for any tieback developments.

Energy Magazine Q2 2024 (fliphtml5.com)

[CPFStocks1]

Hope you are right, I somehow believe it will be XOM CVX CNOOC as cross border deals can be tricky to complete ... then again maybe that's causing the current delay.

[SheDrills]

The act passed in Aug 2023 was intended to support that allowing for cross border monetization guidelines. https://oilnow.gy/featured/guyana-lawmakers-pass-landmark-petroleum-bill-in-marathon-session-of-parliament/

[CPFStocks1]

I don't think that Suriname would like their offshore oil tied in to Guyana at this time. Also Sapakara South and Krabdagu are further to the east and their FPSO will probably be located in this area. Not sure of the tie back distance but I think Xom Chevron CNOOC is still the best option.

[TickerStock101]

Could it be that FEC/CGX is not moving on price and trying to get top dollar for their block which is why Exxon or others haven't bought in yet? I wonder if there just isn't enough conclusive evidence from the 2 wells to make a big investment decision? Yet I would assume Exxon would have the data from their surrounding wells to judge if there is real potential. I would think if

[Frank007]

All of you people ...yes including you she drill are stupid stupid stupid ....can you not see who is doeing the trading daily ? ...cibc and annonymous are shake you out period ..this is how this crooked game is played ...you have to watch the crooks as the shares are driven down ,..through the day and scoop scoop scoop ...it's tricks me as amazing you have not show your freind and Family this

[Frank007]

Hey stupid ....! ....any of you Baffoons notice the 1,500,000 shares traded ten miniatures after the market close at $7.85 ....on the neo exchange ....annonymous to anonymous ...lol ...quite the con game ...