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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Comment by OIL_RUNon Aug 30, 2019 1:02pm

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Post# 30083763

RE:Free float..

Total shares outstanding on a fully diluted basis: 287,213,662

Frontera shares on a fully diluted basis: 212,392,155
JDC (now Farallon): 14,626,264
BGP Prospector (CNPC): 15,534,310

Note, CNPC holdings were reported back in March-2015 with no update as to whether shares have been sold, purchased, rights offering participation, etc. Assuming no change to CNPC holdings - float is about 44,660,993 shares.

The float certainly could be less than that pending the transactional activity by CNPC post March 2015.

Also assuming Farallon (who has Manages assets over USD $25B) will intend to maximize the value of shares it presently owns of CGX...

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