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 > Attitude & Strong Stomachs

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Comment by SheDrillson Nov 17, 2021 12:22am

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Post# 34134785

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Attitude & Strong Stomachs

My guess is that it would look like an all stock deal where CGX Energy shareholders get traded shares of Frontera for some market defendable price like at the 50 day MA at that time.

I also don't think they would make that move until the leases are safety converted to production licenses to avoid risk that the government might attempt to renegotiate terms. Lots of moving pieces here, just not worth the risk IMO but if it happened at today's prices it wouldn't be so bad.

Frontera's current market cap doesn't seem to be allowing any Guyana premium.

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