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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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.


TSXV:OYL - Post by User

Bullboard Posts
Post by OIL_RUNon May 11, 2012 4:15pm
360 Views
Post# 19900919

BOARD CHANGES

BOARD CHANGES

I hope someone from management or the board could pick up the phone and call some of the major CGX shareholders (such as PRE, Sprott, etc) and ask them why they think the share price is so low.  Heck - call some of the analysts that cover the company (Tudor, Pickering, Holt; Canacord, GMP, etc) and ask them what they think.  

 

In reality (and this is what troubles me) - maybe the board and management of CGX don't really want to know.  They are in their own little bubble - and everything is just fine.  I have seen this reaction from the CGX board and management before - several years ago at the AGM when they awarded themselves a significant amount of stock options.  Just like - its alright, no big deal.

 

I truly hope some of the major shareholders start picking up the phone to talk with one another.  Certainly would believe an understanding could be reached among the major holders to make some changes to the board. 

Bullboard Posts