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 > Re waiting

<< Previous

Bullboard Posts

Next >>

Post by taalon Jan 01, 2021 5:22pm

164 Views

Post# 32207988

Re waiting

With Fec owning app 75....80% of cgx ....why not make a bid for the remaing 20% ....If so I don't believe they are allowed to vote their shares....Can a company controlled by Fec or a private firm associated with Fec make a bid for cgx and steal this company ..prior to any drilling or JV ...Dont Trust Fec whatsoever...What are the rights of minority shareholders Anyone ..........why dilute the company now.....is cgx in need of money ....I don't think so ..... Anyone please on our rights as minority shareholders ......Do Not want a buyout by FEC....

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023