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 > QUESTION

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Comment by TraderRJSon Sep 24, 2021 4:54pm

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Post# 33915794

RE:RE:RE:QUESTION

Also, this is not a 1 for 1 offering but you can get .157 of a share for each one you own which makes it different and unlikely the SP will simply drop to the $1.29 US offering price.

Additionally, I've read that if you reside in certain US states you will not be able to participate. I read this on ST so I haven't confirmed it yet. I did send CGX an email to confirm it and see what can be done since I live in one of the potentially restricted states.

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