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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

Comment by waitingstillon Feb 19, 2022 12:57am
194 Views
Post# 34444272

RE:RE:Re re Wcp

RE:RE:Re re WcpI agree that as co-Chair and on BoD, de Alba, like the rest of them do have a fiduciary responsibility to their shareholders and they can be sued if they fail at that. That said, that does not happen in reality all the time. But de Alba does have 1.5mil options and given that FEC will rise if CGX rises and CC will rise (and survive) if FEC rises, that means all three companies have priorities that are in line with CGX shareholders. Namely, a rising CGX SP is best for all involved, even the ones making decisions like Suresh and De Alba both who have over 1 million options. Do they want $3 or $10 per share? Do I want $3 or $10 per share. Take a guess. I think we are aligned.
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