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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Post by dragonfly454on Oct 30, 2021 1:16pm

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Post# 34068398

On the NR

News release may be forthcoming on Monday indicating that FEC has basically absorbed all the RI @ CAD$1.63 and the adjustment to cover the $20 M loan I presume would be done in shares based on share price at close on Oct 29 and not at $1.63 but at US$1.05 per share to FEC so that is practically a done deal since it was signed an announced.Just the formality of a News Release remains and probably some tidbit on the drilling like a BOP being set and depth to date ..so Monday is a new day ...Who Dares Wins or Who Runs Away can Fight another day lol..

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From now on, dynaCERT instead of Bitcoin or NVIDIA?