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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 tiger77on Jun 27, 2021 8:46am
258 Views
Post# 33457283

RE:RE:Just a thought?

RE:RE:Just a thought?So the answer is you're probably right but my thought is if you buy up to 9.9% and don't need to disclose that you are a major holder the cost savings of buying up along the way is millions and millions of dollars. Perhaps they don't do that at all, it was just a thought I had. Zerbo, not sure at all just trying to think of possible scenarios that would cause the SP to rise controlled but on a steady upwards trend over the past 2 weeks (not that I'm complaining). If you're a major and want in smack dab in the middle of the other behemoths why wouldn't you want to take out CGX? All speculation but to me that would be a solid business play. Who knows if it's right or wrong or if we get a JV, PP or any other means to drill but we will drill. I have a serious FOMO problem. I sold my initial investment which was a substantial $$ amount just so I will never have to say I lost money in CGX but even then I'm questioning if I made the right move. Still have a lot of shares but want to see the max for them so I've been thinking of possible scenarios. Anyways my food for thought. Cheers!
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