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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 BoykJurko11on Oct 19, 2022 1:33pm
332 Views
Post# 35034115

RE:RE:RE:Time Bomb ?!

RE:RE:RE:Time Bomb ?!I'm getting old and too lazy to look it up but didn't fec apply to get on the "big league" tsx and off of the ventures exchange? If yes, then they will do nothing that frustrates minotity shareholders that might invite class action law suits.

The tsx is designed in such a way to protect shareholders interests. Getting listed there means that the companies have been vetted and big money institutional investors can be assured that what they invest in are not scams. A decent discovery on Wei may well catipult fec into the big leagues where big money might come flowing in. I just can't see fec risk losing all of that potential upside by screwing minority shareholders.

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