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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 25, 2022 3:17pm
202 Views
Post# 34849058

RE:Frontera Ownership of CGX & how the Stole 20% WI!

RE:Frontera Ownership of CGX & how the Stole 20% WI! WCP, my friend, what happened between Friday when you hailed the deal to Monday when you want to burn it all down and fire everybody (my words)???? I've been here long enough to have warned anybody that would listen what was most likely going to happen. DeAlba/Fec was gonna Pac Man Cgx. They might even do it again after Wei, I dunno. But if I could, Fec has been the ONLY one writing checks here. The ONLY one with real cash to move this JV fwd. Cash is King and Fec had it, Cgx didn't. Cgx had only the tip of Corentyne left to leverage and it did. If you or others want to speculate we had seriously higher 3rd party offers and Fec blocked them, fine. But today, it is what it is. All imo
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