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Bullboard - Stock Discussion Forum
CGX Energy Inc
CGXEF
Primary Symbol:
V.OYL
Energy
Oil & Gas E&P
CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration...
wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.
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Bullboard (TSXV:OYL)
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(686)
•••
Frank007
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Post by
Frank007
on May 29, 2024 12:32pm
Tax credits …
Any Canadian company would get all capital losses as taxable reduction ....like and similar businesses ...get 100% flow thru tax savings ...!
(444)
•••
Kelvin
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Comment by
Kelvin
on May 28, 2024 8:34pm
RE:RE:Contracts
Ok time to lay out things in plain, undetstandable english. The JV for Corentyne is not between oyl and fec. It is between CGX Resources Inc (cgi) a wholly owned subsudiary of CGX Enengy (oyl
...more
Lahontan Completes Phase Two of 2024 Drilling at Santa Fe
posted Jun 25, 2024 9:00am by
Lahontan Gold Corp.
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|
"Lahontan is excited to complete the second Phase of our 2024 drilling campaign at Santa Fe. The drilling was completed rapidly and under budget, a tribute to our geologic team and the excellent drill crew. Work on the PEA continues at an accelerating pace, with site visits, scoping studies on capex and operating costs underway. We will continue to update investors as the PEA progresses and when assay results from the 2024 drilling program are received". ...read more
(108)
•••
Schreibzey
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Comment by
Schreibzey
on May 28, 2024 7:25pm
RE:Contracts
https://petroleum.gov.gy/documents/petroleum-agreement-corentyne article 25 contains assignment, page 59/105, and my favorite part, assignment by consent of the minister
(10)
•••
Phantomblogger
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Comment by
Phantomblogger
on May 28, 2024 7:24pm
RE:Contracts
More than a year ago, going into the Wei1 drill, I think CGX had warned about the possibility of ceasing to be an ongoing entity. I've tried to look for that article several times without success.
...more
(195)
•••
taal
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Post by
taal
on May 28, 2024 7:03pm
Contracts
Most Contracts are Assignable so I'm sure that the contract signed with the gov. would have had an Assignment clause...Since the Contract was signed long before Exxons first discovery
...more
(686)
•••
Frank007
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Comment by
Frank007
on May 28, 2024 5:50pm
RE:RE:Basic math has to prevail… eventually I hope!
Do you know who owns and publishes Oil Now ? ...lol it is trafigra and vital ....lol ...look up who they are and what interest they have in stealing the price of oil ....lol ...look it up !
(5)
•••
Kingmosabe
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Comment by
Kingmosabe
on May 28, 2024 5:25pm
RE:Basic math has to prevail… eventually I hope!
I refuse to believe these clowns are that stupid..Impossible..The silence makes us think the worst, heres to hoping for the best possible outcome..No doubt it will get ugly till the end from here, Im
...more
(10)
•••
Phantomblogger
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Comment by
Phantomblogger
on May 28, 2024 4:12pm
RE:RE:Basic math has to prevail… eventually I hope!
Rapsani, "I believe though in our favour is to realize that benefit CGX would still need to remain as an entity." Can you please elaborate on your above statement, especially the part
...more
(550)
•••
westcanpride
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Comment by
westcanpride
on May 28, 2024 4:09pm
RE:RE:Basic math has to prevail… eventually I hope!
That's a interesting point you raise at the end... "remain an entity" to see the tax credit. Can this be confirmed or just an assumption? Lord knows no sane management
...more
(13)
•••
Rapsani
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Comment by
Rapsani
on May 28, 2024 2:32pm
RE:Basic math has to prevail… eventually I hope!
This has been the story of CGX sadly. Your math is sound, however, you are missing a big value add - US $323 million of operating deficit they can use towards reducting royalities when
...more
(501)
•••
SheDrills
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Comment by
SheDrills
on May 28, 2024 2:28pm
RE:GOVT BACKS CHEVRON
The government doesn't really care...nothing changes if a minority interest partner changes. XOM still the shot caller.
(123)
•••
firo1988gt
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Post by
firo1988gt
on May 28, 2024 2:26pm
GOVT BACKS CHEVRON
https://www.kaieteurnewsonline.com/2024/05/28/govt-backs-chevron-over-exxonmobil-for-hess-shares/ GLTA FIERO
(444)
•••
Kelvin
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Comment by
Kelvin
on May 28, 2024 2:23pm
RE:RE:RE:Got 500 at .29 cents
Maybe I will but I got spooked after sp went from over $3 after Kawa to where we sre now. There's no floor to the sp. Even with close to near $80 wti and Brent. The only thing I can come up with
...more
(686)
•••
Frank007
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Comment by
Frank007
on May 28, 2024 1:51pm
RE:RE:Got 500 at .29 cents
You r right that they are dragging it out ...lol ..it a classic shake out ....this little company has been around for over 20 years ...at the peak ...shares were $42 ....if you have a little spare
...more
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