CGX Energy Inc V.OYL

shedrills

[Harel1976]

no vaccum, all the information was out, thought in a manipulated way but there is a line between manipulating and breaking the law and they played it as well as they could..
experienced investors like me could spot them immediately, their financials was known so 0 surprises for me since the kawa-1 release.
it was so obvious to me they got nothing so i sold out and spent a lot of time doing public service on this board exposing the scam..
its posters like you who took on them selves to attack me personally, spread lies about me and my "secret agenda", never backed with facts or fundamentals, pure position blind attack against the "enemy"..

[SheDrills]

When did I ever post about you? Now you are sounding like a clown.

[Kelvin]

Harel, to me, they don't know what they don't know. Need appraisal wells. Flow tests on different choke sizes and build back pressure profile on shut-in after each flow test.  How much will it cost to do those flow tests? And what would it cost to complete those wells? Then how much to produce them? Imagine yourself as CEO of a major. Is the potential benefit greater than the risk

[Harel1976]

A major is not even an option, No one will drill a 100m barrels targets to hopefully reach a min' requiered resources for development, all the projects in the basin are min" 1 billion recoverables. They didnt test their "discoveries" cause then they wouldnt be able to manipulate they Got something of value. 

[Harel1976]

Its done! Cgx is on its way to bankrupcy! 

[Harel1976]

Cgx lost an arbitration case and owes 16m$ for the demerara seismic, once they take action against cgx its game over. What keeps cgx alive is the fact the Got No cash so nothing to take, hence the wait so if a miracle happens and cgx will farm out (not) then they will be left with 10% and a carry worth 8m$ then they will make their move, take the money and the 10% will go to the operator. But not

[Kelvin]

Well Harel, as they say in the south, it looks like cgx is FUBAR. F'd up beyond all repair. No hope. Seriously? No hope? No money, no hope I guess. 

[Zibo510]

With FEC having over 500 million invested in CGX, you would think if they have faith in their reserve estimates that would justify drilling another appraisal well. If they don't have any kind of a sale or JV in the works, are they ready to fold their tent? Right down to the wire here, FEC is going to have to lay down there cards soon and play their hand, I think.