LOTTERY TICKETS

It’s another truly ugly day in Toronto and there’s been a

bunch of that in the last couple of months. But two lottery

tickets stood out today. First of all

rather dramatically, but we contact two company officials and

they suggest that there is no news.

It’s amazing to see that with volume like that and a move

like that, the Exchange didn’t halt it—but there you go!

CGX Energy has been drilling the Eagle-1 shallow well and

the Jaguar-1 deep well offshore Guyana for the last four

months or so and the Eagle is definitely behind schedule and

we hear is still drilling. CGX owns 100% of that well.

On the deeper well (the Jaguar) they have partners Repsol,

YPF Guyana and Tullow Oil and with all the excitement today,

you would think somebody, somewhere knows what’s going

on. But check the ‘Bullboards’ and even the folks who are

most up-to-date on all sorts of gossip, seem a little lost.

We wonder if the biggest surprise isn’t that it’s their deep

well—the Jaguar that might have hit on one of its first zones

and if that’s the case, my goodness, Tullow once again hits.

They have an incredible track record with their exploration

successes everywhere from Kenya to Guyana to Ghana to

Sierra Leone to Gabon.

That’s just guessing on our part and I’m sure shortly we

will find out what really is going on...if in fact they have even

hit. But there you go.