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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

Comment by stark15on Mar 17, 2021 6:59pm
173 Views
Post# 32822533

RE:Re always wanted to swap

RE:Re always wanted to swapTaal spoke to the math part of whether to stick with cgx or not, and i agree with that math....i would speak to a different part of this equation....u r right in speaking of cgx's history....terrible management, 1 external hurdle after another....but, i would say, u cannot judge cgx present with cgx past.....by that i mean, i would say u can judge cgx present going back to January of last year, when they hired DeAlba and made him co-chair, essentially putting him in charge....

If cgx past was in charge today given the same current circumstances, i would DEFINITELY change.....but, DeAlba is cgx present since Jan/2020 and look where he has put us......all i can do is speak for me, and i'm betting on DeAlba to deliver what he himself has said, "We expect a robust Guyana work program with the advancement of our exploration wells, as we continue executing on our plan to REALIZE VALUE FOR OUR SHAREHOLDERS”....and imho, this man, with a PROVEN track record, is just getting started delivering that value!  GLTA
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