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 > Long CGX

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Comment by ranman1on Oct 20, 2021 5:39pm

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Post# 34029550

RE:Long CGX

You don't have to buy the rights
You were given them
Its up to you if you want to exercise them or you can sell them if you want.
If you exercise a right ,you are buying a share at 1.63 with that right.

Probably Frontera wants the shares but perhaps Japan drilling is driving down the price and either way- Frontera will end up with shares because they agreed to buy everything that wasn't exercised and who would do that right now?.

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