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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

CGX Energy Inc > Post# 34430470 RE:RE:RE:RE:RE:RE:RE:RE:CGX Energy Announces
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Post by taal on Feb 15, 2022 12:53pm

Post# 34430470 RE:RE:RE:RE:RE:RE:RE:RE:CGX Energy Announces

Are you trying to say that the big boys would rather gamble thier exploration dollars on acreage miles and miles away from the Exxon s so called Golden Lane than pay for de risked Acreage...Demarara has value and Cgx...Fronterra will Not let it go...
Comment by Investnowplease on Feb 16, 2022 11:22am
Frontera is in the same position and CGX. Its fantastic there is a discovery. Both companies net valuations went up significantly. The question is how do there develope it. Thats big boy games.  To me they both have to fond a partner, leverage off of that partner for dev. Be it GOR/working interest and cash. Then take that money and drill again on another prospect. Its a goft that keeps on ...more  
Comment by Dirksidetrack on Feb 16, 2022 11:53am
Well who are the big boys? Those who make the rules is what I have learned here in Venezuela. Those who make the rules can rig the rules for whatever advantage that they want. So this bet on Guyana, whether it be through XOM or OYL is dependant on what the rule makets, the government wants. That's what your bet comes down to. They want the foreign money flowing in. So the question becomes what ...more  
Comment by Investnowplease on Feb 16, 2022 12:57pm
Well hopefully corruption doesnt take place meaning greedy dictators/politicians/government officials. The peopke should be the benefactors of national wealth.  Fair deals with companies developing for both sides would be the goal, i know that might be a pupedream but it has to be the goal IMO. What I mean by big boys is the multinationals of the world or the large companies that have the ...more  
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