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With 23 Mil from this bought deal and the cash in the bank I think CGX has almost enough $$'s to finance Eagle spudding (35 mil), if not very close, they would only need a JVP for a small percentage to spud Eagle and retain a large percentage of the well. This would be a great scenario for the SP going into spudding Jaguar & Eagle.
After this Bought Deal closes Dec 14, look for a spike in the SP.
