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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 jtddon Nov 01, 2021 11:54am
234 Views
Post# 34073362

RE:RE:Stock price

RE:RE:Stock priceJust thinking out loud here. Is it possible that FEC could be orchestrating not a JV but a complete buyout of both FEC and CGX? In this scenario, would it be possible/plausible/advantageous for FEC to keep their share price higher while keeping CGX's lower for some reason. Does this argument hold any water? Just trying to overturn every rock here because we all know that FEC/PRE was ruthless to their shareholders in the past. Hoping that someone can poke a lot of holes in this conspiracy theory do I don't have to worry about it anymore.
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