CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > 1B BOE...

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Comment by SportyJon Jan 21, 2023 11:28am

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Post# 35237324

RE:RE:RE:1B BOE...

Per Frontera's Q3 2022 ER dated 11/1/2022 (per their website):

As at September 30, 2022, Frontera had 86,575,175 common shares outstanding.

Through the Company's current NCIB, the Company has repurchased 3,183,600 common shares for cancellation for approximately $32.5 million as of November 1, 2022. Frontera may purchase up to 4,787,976 common shares, representing approximately 10% of the Company's public float through its current NCIB.

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