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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
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Post by taalon Mar 11, 2022 10:31am
270 Views
Post# 34506448

Re News

Re News
Beaner....as I've stated more than a month ago ...that Fronterra would Never allow Cgx to seek public financing..If Anyone was going to Finance Cgx going forward (Especially after thier Discovery) it would be Fronterra giving them money..Of course the want absolute control...And yes of course Cgx would need approval from Fronterra on any JV Deal... Why wouldn't they ..they have close to $300 million invested in Cgx... Basically Cgx IS Fronterra...They are protecting thier Interests... If any outside party is interested in a buyout ...then Fronterra is giving Notice to all Suitors that the Minimum Price acceptable is $3.10....Great News ....
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