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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 Jul 12, 2022 7:27pm
283 Views
Post# 34819429

RE:Re share price

RE:Re share priceTaal, I respect you, I really do. Here comes the gentle "but". You get hung up on DeAlba's or Durkee's or Suresh's options along with what sp FEC bought in the RO or the sp conversion on the $35m loan as somehow relevant to where we are today, right now. I will not dispute that these points are worth consideration. However, if I'm not mistaken, Jenni walked from her options. I mean walked away. Right over to Hess. Just like FEC, she had all the info vs us uniformed shareholders and she walked. That was bad on so many fronts; no way to spin it. Where we are right now is ugly. Short of a miracle JV with a major, I'd take FEC shares in a fair exchange and close the book on Cgx.
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