CGX Energy Inc V.OYL

Magic Act

[YancyDerringer]

They may be putting the deal together for a big daddy to buy in and satisfy Guyana's needs all in one stroke, like pulling the rabbit out to the hat! We may be watching magicians at work. Why else would they be giving themselves raises and carrying on as business as usual, no evident concerns! :)YD

[Caribman]

So many speculations on this one but I like yours.

[Milli77]

To my point.  So because CGX doesn't own the area anymore, how could they make a deal with anyone,they can't sell what they don't own. I know they haven't officially stated that yet but it is implied. Hence the shake down thought in my head. Lol My opinion only. GLTA,Milli77

[Zibo510]

According to the terms of the Corentyne PPL, CGX'S interest in the PPL has expired, but by filing the NPCI they have maintained a legal interest in the PPL, subject to approval of Guyana.  If CGX comes up with a JV or sale or commit to drilling another well, I am pretty sure the PPL will be extended, if not, and Guyana does not grant an extension, other than CGX taking Guyana to court

[YancyDerringer]

Zibo we need a closer, a deal maker, to pull one out of the hat ! We need some MAGIC, otherwise we are F!!!  :)YD

[Harel1976]

even hodini wont help cgx, best case scenario is a 2 years extesion then go bust, the bad one is loosing the block  immenently as should be by the pl agreement and bust.. how it is trading at a near 100m$cad mc is beyond me... probably the micro float enables fec and cgx to keep appearence of having value..