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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
Post by westcanprideon Dec 08, 2020 11:35am
151 Views
Post# 32057972

.38 cents!!!!

.38 cents!!!!I do not think embarassing even begins to describe the Frontera/CGX management teams. Massive challenges yes, but once in a lifetime opportunity to make something happen. Yet all of us on here are literally praying for some sort of news release. These two companies should be embarassed of themselves (then again, having pride is also required to feel any guilt). 

Its been over 4 months now since 2Q results were released in August and Frontera was bragging in their investor call about how external companies were lining up to discuss farm-in options. Yet, nothing released. How bloody long does it take to get a JV signed? What in the hell have these two companies been doing in 2020? 

At this point, I really do wonder what CGX told Guyana government that even gave them the idea that they should extend the license for 1 more year. I really do.


Bullboard Posts