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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 a2bmanon Mar 30, 2023 3:14pm
55 Views
Post# 35370031

RE:Explained …

RE:Explained …What does "Frontera is the wallet" have to do with anything

10 + 8 is 18. not sure how you got 10 + 7.92 is 16, or is that your "New Math"

Like I said they don't have enough money to pay off their debt, so where des it come from?  Borrow at todays rates?

How did they even come up with the .90 on the dollar - you think they were in discussion with suisse? bahaha

Now as for you eg, you dont pay interest ahead of time, your bottom line is not up because of future interest payments you dont make.  You would be up the 10% discount. but thats it.  Your borrowing costs being canceled do not go to your bottom line

Nothing is free in accounting - If you had the money, you could pay off the loan at 7.92% but you could also invest instead of paying it off, you might even make more than 7.92 in todays rates. 

Opportunity has a cost 


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