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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 pathfinder8on Oct 22, 2021 2:07pm
243 Views
Post# 34038357

RE:RE:RE:So let's hear everyone's thoughts?

RE:RE:RE:So let's hear everyone's thoughts?as to the CFO selling her who 85K position which she purchase at 32 cents on an option then sold at 1.50, the answer is some how she made 1.18 cents per share and with CGX governance anything is possible. In any normal company she would be in a blackout unable to sell, and it gets worse, selling with a rights offering in motion. Best a bunch complain to the TSX and OSC about this trade. IN the end who cares about a CFO making her kind of money in a penny stock and having no skin in the game. 
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