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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 SheDrillson Oct 19, 2021 1:06am
389 Views
Post# 34020963

CFO dumb move

CFO dumb moveThe issue is that we are in the middle of a rights offering.  Insider selling should be restricted...she just opened the company up to a hell of a lot of screutany and her action is like a bag of bricks on the share price going into rights expiry.  No one is going to exercise their rights here and definitely not subscribe for more...so her actions also look like she's punting for Frontera.

I've already alerted both companies of this and how it looks.  I encourage everyone to do the same.
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