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Message: Re: Rig Contract
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Jun 24, 2010 08:37AM
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Jun 24, 2010 11:02AM
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Jun 24, 2010 12:11PM

This is only for the Georgetown spud at this point, assuming the PP is filled and looking at the SP today looks like 100 mil shares plus 100 mil warrants to raise the 65 mil PP, CGX should have enough cash to spud Corentyne, assuming somebody hits oil in the basin the warrants should be in the money and that would give CGX another 100 mil x whatever the exercise price of the warrants are, tomorrow CGX is supposed to release the terms of the PP.

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