CGX Energy Inc V.OYL

RE: government rewrites terms

[whyworry]

Jag has stated clearly in his presser that Sabroek is the only block still under the old PSA.  In his mind,  Corentyne and it's operator will be subject to the terms of the new PSA..

[Frank007]

I do hope         That Frontera abd cgx are consulting with some good lawyers ...as net to fontera should be at least one billion $ ....$5 / barrel farmed in should bring about 2 to 3 bilion $ to the coffers ...the lawyers will attach the fund held from their share of Exxon production ...lol ...

[Harel1976]

No lawers requiered, no case and no money.. But im happy to see you are laughing out loud so happy with an investment in a potential bankrupt company that its upside is winning a law suit with no case or money to fund it.. Dont let your past mistakes of banksters that dropping the sp to buy cheap wake you up, its time for a new theory to support your loss..

[Mbxwatcher]

Not gonna cry......I made the investment decsion to buy and the one not to sell. I do understand your point upon moving on, I really do.....but i made the call a long time ago not to "give my shares" to someone only to see it  rebound with a last ditch buy out. I am no lawyer, but i believe that the money CGX/Fronterra put into Corentyne does deserve some consideration if they

[IceDog13]

They will not be revoking the license. The license has expired. The only question is if they will extend the license which they are under no obligation to do. If it is up to Jagdeo, his rhetoric implies it will not be... but he is a politician, and I do not think he has the final say (although he does have influence)

[Harel1976]

I think they wont extend the licence but they will not make a decision to give chx the extra time to try and find a way to move forward..

[Zibo510]

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