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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

Post by hrpao11on Jul 24, 2022 7:35pm
438 Views
Post# 34846927

Opportunities at Play

Opportunities at PlayLet me start via a disclaimer....these are all thoughts only.
I could not help wondering....Frontera is undervalued...Frontera's share buyback suggests that.
Could Catalyst be looking to "unload" Frontera/their position....at some point Catalyst has to be paid.
Could a potential buyer (Saudi's?) for FEC have demanded a "controlling" interest in the Corentyne block and a divesting of the other concessions....we gave that up too easily....something was not right there?
Again, just some thoughts...could Catalyst be on the verge of "getting paid" by a big player and we get paid in the process?
In the absence of transparency over a prolonged period of time....and a refusal to believe that none of the big players were sniffing around this paly....we will continue to "stretch" our thoughts....far fetched?  Maybe....or maybe not!

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