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 chulo123on Jan 18, 2020 4:03pm

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Post# 30569455

RE:RE:RE:RE: Options

This is part of the NR
"The Options vest as follows: (a) one-third of the Options vest immediately; (b) one-third of the Options vest on the six month anniversary of when the Options were granted; and (c) and the remaining one-third of the Options vest on the first anniversary of when the Options were granted, subject to a vesting acceleration clause under certain events."
I understand tht the one who wants the option must vest it one-third of the vest inmediately. That means right now, is not it:?

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