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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 Ermospon Dec 07, 2021 12:29pm
270 Views
Post# 34206724

Could anything have spooked the CFO?

Could anything have spooked the CFO?On a down day like this so close to NR, it does make one think.

If the CFO was dumb enough to insider trade to make $100k, is there anything that might have triggered it? She obviously couldn't know results, but could she have been privvy to the following?

- potential JV partners interpretation of well data which gave lower odds

- data about the well being unusually hard to drill

- undisclosed weakness in Fronterra financials

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