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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

Post by taalon Nov 23, 2021 10:10am
289 Views
Post# 34156703

Question

Question
For the board..All of us long term shareholders know how easy it is ...was ...to manipulate our share price...Very low float=easy to manipulate..It is not like Fec .....and they have shown this in the past how they took advantage of cgx and raped them....yes they did and because they had control of the shares there was literally no room for another big player to muscle in...now they could have Easily brought the share price down to that $1.00 mark...which in fact they did ...and do a rights offering at that price or close to it...Why did they do this price offering at $1.63 When they Knew they were going to take All the rights...Just not like Fec They knew they had to finance the Well by why at that price...Were they told to?????
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