Hi MF:

My guess is that CGX failed to get a JVP, which was possibly due in part to the BP disaster, if so CGX will have to arrange financing to the tune of roughly 100 MIL for Georgetown and Corentyne, and insurance costs for Rigs/drilling have probably gone through the roof. If so this is not a good scenario for CGX at this time.

The market always seems to know ahead of an NR, this isn't a shake out, it's a sell off.

FWIW I have been unloading my shares since we dropped below 1.50 and dumped the last 2 days ago @ 1.14 and have been putting the proceeds into GNH.

I am going to sit on the sidelines untill I know whats going on.

This is JMO but with the AGM comming up shortly Sully's going to have to have a plan because if there's no JVP He's got some explaining to do.