Hard to say what if anything might be on the table Stark;

If a buy out could be shares for shares in the Company making the offer.

I don't know if the Buyer would want to let CGX remain as a separate company or be absorbed into the Buyer's company.

CGX should have a huge tax loss credit which has value and would effect things.

With Jaguar drilling, that's a big factor.

I am just gambling that something big might happen here because of the big hole CGX is in. They need money now just to get their head above water and lots of it.

It would be good if some of the large shareholders came to the rescue to protect their investment in CGX, under what terms who knows.

I don't see the SP falling much below where we are at so I think risk is way less than the possible reward but something has to happen soon as CGX doesn't have the time IMO to wait out Jaguar for another 2 or 3 months and the results of the well could go either way. No matter what happens I think OYL is worth more than the current SP.JMO