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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 Jul 27, 2021 7:26pm
264 Views
Post# 33614476

Wcp

Wcp
Please ....If there was going to be an offering it will be done by Fronterra ...like ALLthe other offerings ...and it wouldn't be at $3.00 but much lower....I don't believe that's how they will raise the money...Fronterra will end up with a larger share of the licenses....how much...who knows....then do a Jv with their increased interest in the license...Why Cgx isn't doing that.... Fronterra runs the show and will do whats good for them...like they have All along...If we hit oil All is Good ...but not as good as it could have been....Fronterra would be making a deal with themselves... Sooner or later we will know....
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