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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

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Post by taal on Jan 16, 2022 10:28am

Dev

Not sure if they might be for sale ...but our lead negotiator Mr.DeAlba is a managing director but more importantly a partner in Catalyst Capital....So he would have much to say regarding any sale....
Comment by Rapsani on Jan 16, 2022 11:08am
He has 1,500,000 shares (alsong with some others with high grants) at .70 ...  so he'd be personally vested to maximize the price if ihe were to sell.  Example of $2.70 a share vs. $10.70 a share would be $8 x 1,500,000 = $12,000,000 more. 
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