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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

Post by taalon Apr 20, 2021 3:44pm
206 Views
Post# 33030920

Re Speculation

Re Speculation
Rapsani I'm sure that any Jv will have some up front cash involved so I don't think cgx will have any problem with money.... It very rare that everyone's interests are aligned. Fec definitely want a JV and to hit oil .so does cgx shareholders ..fec shareholders... DeAlba...options....New hires ...options..... If Fec did not have controlling interest in cgx then I would be concerned that they may try whatever they may to gain control.. But having controlling interest ....mind you at a considerable cost...which im sure Fec hopes is very cheap in the future ...thier game playing and manipulation and raping are all but Done...They are locked and loaded ..hopefully so are we and now JV please and oil to follow...GLTA
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