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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 SportyJon May 11, 2022 12:14pm
213 Views
Post# 34674312

RE:I have said before

RE:I have said beforeSoul, humor is good and your post is an instant classic! Stark, I dont think some are questioning the demise of Cgx the corporate entity. It's the Cgx common shareholder that's in question. Companies reverse split (like Cgx did), emerge from bankruptcy (sometimes more than once), issue tons of new shares, issue convertible debt securities etc etc and companies survive. Citing Cgx's ability to survive for 20+ years is probably not a great success case study for a business school MBA. How has Cgx performed for its shareholders over the last 20+ years is the better question. If you invested $1,000 in Cgx in 1998, how much is it worth today? All imo.
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