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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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Bullboard Posts
Comment by pathfinder8on Jan 06, 2020 9:24am
84 Views
Post# 30521448

RE:Re...YD

RE:Re...YDTaal  were such a bid to occur, the minority retail shareholders would have to have their own "fairness" opinion on valuation. Getting such an opinion from fronterra would be a joke of the first order. If the block 58 deal is worth the Total/Apache money, shareholders can expect a way better outcome. these things take a lot of time and after 15 years another year is not an issue. afterall, with interest rates at zero and oil going up, opportunity cost is limited. I'm fully holding my position and would not tender too a low ball bid. We will cross that bid if it appears. 
Bullboard Posts

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