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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 Miftee9on Aug 30, 2023 11:34am
300 Views
Post# 35611978

Is it True?

Is it True?Hoping what i am hearing is true. Management gonna show up to the meeting tomorrow and take questions from us angry shareholders. I cannot attend but I hope some of our more knowledgeable posters will be attending so they can ask the tough questions. The latest deal is an embarrassment, hopefully one of the questions is how did they come up with 4.7% on the overrun, seems extremely costly. Frustrated but still bullish.
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