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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 Miftee9on Jul 22, 2022 2:55pm
197 Views
Post# 34844124

RE:RE:RE:RE:Rough Numbers

RE:RE:RE:RE:Rough NumbersDIRK, apparantly outside of you, it appears everyone else knew we were desperate.  What gave it away, the fact we were millions in debt with virutally no prospective way out of it? 

 Yes, Management made many mistakes along the way (for over 20 years) and yes we did not get the deal we all wanted but the fact remains, somehow and someway, we were able to live to fight another day.  A free ride on a potential huge discovery and no debt post. I for one am happy we were not bought out at the $1 because that was the alternative.
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