Feb. 22 at 8:19 PM
$CGXEF $FECCF The royalty rate on the PSA agreement for the Coerentyne block is 1%, even cheaper than the Starbroek block which is 2%. The new PSA’s the Guyana government has been giving out is 10% royalty rate. Thats 10X the rate of the Coerentyne block!
If CGX energy and Frontera end up resolving the dispute, there is multiple BILLIONS of dollars to be had just by the fact that the royalty rate is so low on that block. It adds a ton of value to the block!