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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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > Money on hand?
View:
Post by westcanpride on Jun 07, 2024 12:12pm

Money on hand?

Does anyone have any idea how much money on hand CGX actually has to continue paying management/contractors before it runs out and has to go back to FEC for another shark loan?

Sadly, it appears FEC/CC appears perfectly content to allow CGX to blow every last dollar it has on wasted salaries. Wouldn't shock me if not a single honest day of work has been done since last Novembers news release. 

Ironically though, FEC probably deep down doesent have the desire to want to absorb more shares/WI since its current stake it doesent nothing for them. Hence my question of how long before the money runs out? 

Either way, dead investment money all around right now and the only winners are the fat losers at the top cashing in each month.

Comment by Frank007 on Jun 07, 2024 12:34pm
You pretty much summed up this fiasco ...it surely is criminal activity to shake the public out of their shares both fec and cgx are being manipulated down ...I tried to buy some long dated options on fec ....no luck could not be bought brokers refuse to sell me any ...lol how's that for a con game ...
CGX Energy Inc
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