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 > Current CGX Strategy

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Comment by Schreibzeyon Jan 01, 2021 8:50pm

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Post# 32208364

RE:Current CGX Strategy

How does de Alba leave options on the table at $0.71 under a negative scenario? Negative toward anyone with a basis under that price. I'm certain he had a plan for CGX at the time he was put into place. I for one am happy because my basis is well under what his strike price is, he's a shark with a proven track record. I keep asking myself, how does he let this ship sink without cashing in? I can't come up with much.

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