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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

Post by taalon Dec 16, 2020 11:26am
173 Views
Post# 32118667

Share price

Share price
First off the share price reached 19.95 back in 2012 pre split...Secondly Suresh as far as I am concerned has Zero say in the direction Cgx takes...As you've said Suresh has None of his own money invested in Cgx..On the other hand Fronterra has close to $200million invested....When De Alba recieved his 1.5 million options at .71 ...I now he's aligned with us minority shareholders...something thats Rare....He has a lot at stake ..if we hit...Fronterra will certainly increase in value ...and I'm sure DeAlba and any of his holdings are full of Fronterra shares....We are in good hands....dont let 5 or 10 thousand dollars worth of stock manipulation distort your thinking...We are on third base and rounding for home Plate....Glta
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