Sounds like they have to come up with that 20 Mil ASAP, I was sure they had enough money for both wells since they raised about 130 Mil in the last 3 financings,guess not.

The PPL's are worth about 50 Mil each based on the 150 Mil Murphy paid for the 3 Suriname blocks, maybe they could sell the Corentyne Annex, I don't know what the Pomeroon PPL is worth due to the unresolved Border dispute with Argentina.

CGX isn't in a very strong position to negotiate, hopefully they can somehow hang in untill results of Jaguar are known, if that comes up dry stick a fork in this one because it's done.