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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 tiger77on Jun 27, 2021 7:52am
370 Views
Post# 33457239

Just a thought?

Just a thought?Open for dialog or comments but.... If you were going to buy a company and that company had 50 mil shares let's say, and you knew you were going to offer $8 / share let's say. Wouldn't it be worth while for you to buy up as many shares as you could along the incline shaking the olive tree so to speak along the way to see who will sell which would only go to saving the buying company the difference from what they paid for your stock vs what they will be offering for the company? If they bought your shares for $2.50 but will be offering $8 in my scenario that would save them $5.50 / share x millions of shares in the past 2 week no? Wouldn't that be a solid busienss move? Thoughts?
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