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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 > Positive Statement
View:
Post by Dirtpoor7 on Jun 16, 2022 7:50pm

Positive Statement

Is there another news release coming shortly?    I certainly would not classify that as a "positive statement"
Comment by waitingstill on Jun 16, 2022 8:19pm
It was a "positive statement " for the govt, not for us, unfortunately. Most of us figured D and B blocks were going to get given back because of the requirements and our incompetent management. That said, I thought requirements were not due until Feb 2023. So we are giving them back early? Wonder if there is some benefit to us to do that?
Comment by Miftee9 on Jun 18, 2022 8:02am
Wonder if there is some financial sharing on the resale of the block. Doubt it, but if they are happy about giving it up maybe there is some sort of benefit. 
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