That was the worst NR I think I have ever seen a company release.

Drilled a duster, 20 Mil in the hole, CEO fired or resigned, Director quit, all in one NR, seems almost deliberatley designed to tank the SP as far as possible.

When trading resumes this may be the cheapest opportunity to buy into a company currently drilling ever.

CGX spudded ES because that was all they could afford, ED was always the preferred target but probably due to bad decisions ended up spudding ES to meet the requirements of the PPL. They rolled the dice and lost.

Jaguar on the other hand is being run by the indusry leaders with deep pockets and are drilling to the depth that CGX couldn't afford to.

I hope CGX doesn't get taken out before Jaguar is finished.