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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
Comment by ohcanada17on Jan 07, 2020 7:54pm
127 Views
Post# 30528545

RE:CGX TRADING THE LAST WHILE.

RE:CGX TRADING THE LAST WHILE.
pathfinder8 wrote: TO ALL POSTERS. IN THE PAST NUMBER OF WEEKS, I HAVE PURCHASED IN EXCESS OF 300K SHARES OF OUR LITTLE COMPANY. WITH ALL THE ACTIVITY IN THE GUYANA BASIN AND TODAYS MAKA CENTRAL 1 DISCOVERY, ALONG WITH THE TOTAL/APACHE $5 BILLION PLUS FOR 50% INTEREST IN THAT BLOCK 58, IT IS VERY OBVIOUS TO ME, WE THE "LITTLE" SHAREHOLDERS OF CGX ARE BEING ROYALLY SCREWED BY SOME CONTROLING INTEREST IN CGX. IT IS POSSIBLE THERE IS SOME PLAY AFOOT TO GIVE SOME GROUP CLOSE TO MANAGEMENT A SWEET HEART DEAL TO DILUTE OUR INTEREST. I HOPE I'M WRONG, BUT IT IS HOW I SEE THE SITUATION WE ARE CAPTURED WITHIN. LET'S SEE HOW IT GOES FORWARD, BUT I FOR ONE WILL BE COMPLAINING TO THE SECURITIES AUTHORITIES IF WHAT I  AM SEEING COMES TO PASS. I WOULD SUGGEST THE SMALL SHARHOLDERS KEEP A KEEN EYE ON HAPPENINGS ON THIS DEAL. I DO NOT HAVE ANY "INSIDE" INFORMATION BUT SMELL A RAT HERE. AS MENTIONED, I'M EXPRESSING MY FRUSTRATION WITH THE EVENTS GOING ON AT THIS COMPANY BUT CAN ONLY HOPE WE ARE TREATED WITH FAIRNESS, BUT I'M NOT CONVINCED THAT IS THE CONCEPTS PLAYING OUT HERE. yOUR COMMENTS ARE APPRECIATED. 


I will say...I definitely think we should be trading higher than $.67 after news on Maka today....volume should have been higher IMO

Bullboard Posts