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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 > The deceit continues!
View:
Post by BoDidley5656 on Jul 25, 2022 5:17pm

The deceit continues!

I think its worth asking the question to the fantastic operator (?????) why their attempt to farmout the Corentyne block failed again!  Multiple high profile operators already operating in Guyana came into a date room in Q1 this year and there were no takers.   What does that tell you?
Comment by JJJRRR on Jul 26, 2022 12:48am
I would guess there was lots of interest but Frontera/CGX believes the value of what they have exceeds any offers. A very good sign. Frontera is in too deep to walk away from this high potential huge find.  If  sucessful, the're in the big boy league offshore in the biggest oil basin on the planet! GLTA
Comment by jada13 on Jul 26, 2022 2:23am
to me there was to much clutter that had to be cleaned up. Know everything is cleanrd up I wait for the buyer.Probably wont happen but I'll wait.
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