CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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

CGX Energy Inc

Bullboard Posts

Comment by edmedon Jan 10, 2018 11:09am

203 Views

Post# 27323317

RE:RE:RE:RE:Dewi

IMHO it sounds as if the resignation is part of a power struggle within the company for control that the Professor has obviously won. If memory serves me correctly is he not the one with the government connections? and if this is the case it makes sense that the renewal of the liscences would be granted with control of the company given to him. In effect the government now is in control of CGX.

It may be a good thing for us.....as most government officials invested in CGX would not like to see the stock diluted significantly further

just my opinion

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario