zibo's Profile
zibo's Posts
Hi MF nice to see you're still around, I think you'd be smart to add to your position now, as always once we get close to spudding there will be a play with the stock in anticipation of having a wild cat strike.
It will be interesting to see how PRE plans to fund spudding, we should know soon.
I am going to take a position soon but will only hold a bit waiting for results, as we know if it's a duster again the SP will tank big time. GLTA.
CGX should be close to spudding again, time to consider taking a position, I am wondering how CGX will raise $$'s, at this SP I can't see doing a PP, I wonder how close they are to finding JVP's, time will tell.
Hi MF: New presentation @ CGX as of 26th http://www.cgxenergy.ca/cmsAssets/docs/presentations/CGX%20Energy%20Inc%202013%20AGM%20Presentation.pdf
Seems ther's a new Demarara PPL around where Georgetown used to be, seems nothing big will be happening until late 2014, still following the storey but don't have a position, good luck.
Unfortunatly the new resourse estimate turned Corentyne from an oil play into a NG play.
Most importantly ED went from 2.6 bil BBL's of oil to 83 mil. Sad the way this whole storey turned out.
News couldn't have been worse, massive dilution and 1/2 the money raised is going towards debt re-payment, with PRE taking control of CGX. After the dust settles I wouldn't doubt that they'll do a reverse split.
Not looking good MF, I gave up a while ago and bailed @ .19 and jumped into MGX, drilling north of your neighborhood, since CGX won't be drilling for a while and they're broke I'm going to follow this storey from the sidelines, really to bad how this played out.