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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 waitingstillon Sep 12, 2023 1:56pm
306 Views
Post# 35631989

RE:Confidentially Agreements

RE:Confidentially AgreementsIt would only limit CGX/FEC upside if they tried to make a deal before ALL results are in. The more uncertainty there is, the more discount will be applied. We just need some more patience here for all data to be returned and the data room opened and time for companies to digest the magnitude of this find. Frustrating for us, for sure!  So many truly disasterous things could have happened and no data or limited data obtained but we got almost everything we could have wanted including 277 of pay (hopefully!). We just need that conformation and then off to the races.
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