CGX Energy Inc

CGX won't survive...can't...PRE is the only out w/o a major...they currently hold 35%...another $40m and they have us....the majors would need $100.+/-..these offshore operations are the the big boys....costs run fast....ant JV partners can'd/won't wait or hold our hand...waiting financing.... and the ultimate payoff with a strike takes years and even more investments....our real hope is the SP doesn't drop any further or we are dead...IMHO