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.

TSXV:OYL - Post by User

CGX Energy Inc > Long CGX

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Comment by ranman1on Oct 20, 2021 5:39pm

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Post# 34029550

RE:Long CGX

You don't have to buy the rights
You were given them
Its up to you if you want to exercise them or you can sell them if you want.
If you exercise a right ,you are buying a share at 1.63 with that right.

Probably Frontera wants the shares but perhaps Japan drilling is driving down the price and either way- Frontera will end up with shares because they agreed to buy everything that wasn't exercised and who would do that right now?.

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