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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
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Comment by ohcanada17on Dec 27, 2019 3:39pm
114 Views
Post# 30495122

RE:Re Westcanpride

RE:Re Westcanpride
taal wrote:
I feel your frustration...I think Oh Canada is correct in saying that if Fonterra could have(not wanted to because I'm sure they did) it would have been done by now..The share price is Very much controlled...Fonterra doesn't have to worry about hostile takeover...they control 75% and are totally in the driver's seat.There is no advantage to them to have a higher stock price they would not sell regardless.Unless they wanted to do a PP to outsiders which is highly unlikely.So we sit in frustration until the drill or an huge announcement on a favourable Jv ..Right now we are worth probably 5 times what we are trading at with 66%ownership..but if they keep throwing shares into the market to control the price what can you do...How could anyone take a large position in oyl(institution) without driving the share price to stratosphere...there is no REALshares available...No one promoting share price not cgx and certainly Not Fonterra they want oil revenues or a large buyout...I'll take the buyout...


I'm thinking a buyout at this point is very unlikley if we are correct in thinking that we have been kept alive and in the game for a reason

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities