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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 Oregonduckon Nov 08, 2022 12:03am
335 Views
Post# 35080926

Going, Going, Gone

Going, Going, Gone

Like a whiskey shot at last call.

"The directors and officers of the Corporation collectively own or control directly or indirectly, in the aggregate, 328,900 Common Shares representing approximately 0.09% of the issued and outstanding Common Shares as at June 9, 2022."

OYL's days are numbered. Key managers and insiders owned minimal stake, but have cut themselves out  "Golden Parachutes" for huge payouts in the event of a takeover by Frontera.
Expect little takeover premium to market price. Could even be a "takeunder".

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