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Message: cgx in good company !!

cgx in good company !!

posted on Jan 12, 2010 08:28AM

Here's how the net acreage breaks down in the Guyana basin,

exxon 20%

cgx 15% (some of the BEST targets are in this 15%)

shell 13%

staatsolie 12%

tullow 10%

Several others with less than 10%.

While u have to stay grounded its fun to think of what might be this year for cgx's sp. The potential is definitely there, the 3d confirms it, and we are surrounded big BIG players. The upcoming JVP nr will be a BIG step for the sp but making a billion barrel discovery would be beyond HUGE.

I keep reading articles that 'elephant' oil fields are becoming a rare find, 'giant' fields are even harder to find. Cgx has possibly 4 giant fields !! The price of oil is steady now around the $80 mark. The economy is starting to turn around. There are SEVERAL major players interested. Sully describes the potential the 3d shows as 'world class'. The perfect storm is happening !! Truely, the sky is the limit for this company !!

Zibo, i read your priceless post on the other site... its good to dream !!

GLTA !!!

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