CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

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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CGX Energy Inc

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Comment by OIL_RUNon Aug 30, 2019 1:02pm

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Post# 30083763

RE:Free float..

Total shares outstanding on a fully diluted basis: 287,213,662

Frontera shares on a fully diluted basis: 212,392,155
JDC (now Farallon): 14,626,264
BGP Prospector (CNPC): 15,534,310

Note, CNPC holdings were reported back in March-2015 with no update as to whether shares have been sold, purchased, rights offering participation, etc. Assuming no change to CNPC holdings - float is about 44,660,993 shares.

The float certainly could be less than that pending the transactional activity by CNPC post March 2015.

Also assuming Farallon (who has Manages assets over USD $25B) will intend to maximize the value of shares it presently owns of CGX...

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