CGX Energy Inc V.OYL

CGX Energy Loses Majority Interest In Corentyne Block In Att

[AwareInvestor]

In an attempt to fund its exploration, CGX Energy has given up majority ownership on its flagship asset. This follows the company last month announcing that it was going all-in on the project, and abandoning its exploration efforts elsewhere.

https://thedeepdive.ca/cgx-energy-loses-majority-interest-in-corentyne-block-in-attempt-to-fund-exploration/

[tiger77]

LMAO...there always has to be 1 jacka$$ that wants to try to spin this as a negative! So when Exxon does a JV with Hess do the headlines say....  "Exxon has lost its majority interest in Starbroek block"???  This is common practise but clearly people have shorted the stock and are trying to insert a negative spin into it but this time it's not negative.  Full carry,

[waitingstill]

Good points Tiger. We are still alive and have mitigated all financial threats. Yes, it was a high cost but now we can focus on what we are here for - Wei. All facts point to a extremely high chance of success. Look at their presentation. This time we are going for the kill shot - right in the middle of the targets as opposed to the edge to maximize info. I am sure there will be no messing around

[stark15]

Well said Tiger77 but u just have to expect the negative.....especially on this board! DEBT FREE are very positive words and we will be there when Wei results are announced.....and the port will be bringing in REVENUE when it opens....hopefully by Christmas...... GLTA !!!!