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.

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CGX Energy Inc

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Post by Atonon Feb 01, 2019 10:29am

192 Views

Post# 29305411

Rush for the Rights?

As I can see there will be no trade in the Rights before they expire, this will put pressure on those interested to buy into CGX for discount to buy shares now before feb 11th. Also a positive is that those who execute their Rights and buy new shares also are invited to the buy the split up of non used Rights. So really a good bargin for those of us who thinks buying CGX shares for $0,29 is like stealing candy from small children.

Thanks for this CGX, fair and noble to all of us small investors!

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