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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Bullboard Posts
Post by OIL_RUNon May 11, 2012 4:15pm
361 Views
Post# 19900919

BOARD CHANGES

BOARD CHANGES

I hope someone from management or the board could pick up the phone and call some of the major CGX shareholders (such as PRE, Sprott, etc) and ask them why they think the share price is so low.  Heck - call some of the analysts that cover the company (Tudor, Pickering, Holt; Canacord, GMP, etc) and ask them what they think.  

 

In reality (and this is what troubles me) - maybe the board and management of CGX don't really want to know.  They are in their own little bubble - and everything is just fine.  I have seen this reaction from the CGX board and management before - several years ago at the AGM when they awarded themselves a significant amount of stock options.  Just like - its alright, no big deal.

 

I truly hope some of the major shareholders start picking up the phone to talk with one another.  Certainly would believe an understanding could be reached among the major holders to make some changes to the board. 

Bullboard Posts