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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.


TSXV:OYL - Post by User

CGX Energy Inc > Good luck
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Comment by Mat1791on Mar 20, 2023 9:53am
160 Views
Post# 35348620

RE:RE:RE:Good luck

RE:RE:RE:Good luck
Frank007 wrote: Yes that 1/3  2/3 is for the con session....but ..but just who is going to fund any future drilling or lifting of the product ,,...certainly not cgx ...



If FEC is not willing to take out CGX, then someone most certainly will.

This will be a post success transaction, so IMO fair market value will be protected, perhaps a competing offer will help to assure it.

Selling shares pre-success is where the raping has happened, no other choices.

Successful drill = competitive farm-in

CGX will not be around to worry about funding their share of production.

IMO
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Dealroom for high-potential pre-IPO opportunities