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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 tiger77on Nov 05, 2021 11:36am
145 Views
Post# 34092175

RE:De Alba Fascination is weird

RE:De Alba Fascination is weirdI actually whole hearedly agree with WCP on this.  I don't think he's done anything out of the ordinary that he wasn't brought in to do, especially not with the shareholder value.  He's a company man (Frontera) and that's his job.

Where I do slightly dissagree is there there is a LOT that we aren't privied to on the backend as everyday shareholders.  Frontera owns and runs the show so don't forget that.  They call the shots and say what they are, and aren't going to do and what I mean by that is that IMO they ran the seismic, made an educated decision (that we don't know) about running this alone with a possible JV on the side like Apache did instead of what would be the percieved by the shareholders as a better deal by cutting a JV in advance.  Only they know what they have and why they've made the decisions they made.  Maybe if we had that info we would have made the same desicion but maybe not.

As much as I don't like a lot of the stuff going on, and how it's gone on there is only 1 thing that I think matters here and that is the sheer amount of $$$ that Frontera has in play here.  Their end game is known to them but they aren't in this to make a few cents or a dollar.  They are in this for HUGE win whether it be developing, selling out or partnering so as much as it's a pain in the A$$ to watch these ups and downs that's what I try not to forget in the long run.  

If they hit big time, everyone (including senior execs that we all know don't deserve anything) will get it but you know what.....so will we which is why I and most of the longs have been here all this time!

Just my two cents, not a pumper just sitting back absorbing as much as I can and making educated decisions with my large investment.

GLTA, and nice to see you back on the board again MadMike!

Cheers,

Tiger
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