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 > Could anything have spooked the CFO?

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Post by Ermospon Dec 07, 2021 12:29pm

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Post# 34206724

Could anything have spooked the CFO?

On a down day like this so close to NR, it does make one think.

If the CFO was dumb enough to insider trade to make $100k, is there anything that might have triggered it? She obviously couldn't know results, but could she have been privvy to the following?

- potential JV partners interpretation of well data which gave lower odds

- data about the well being unusually hard to drill

- undisclosed weakness in Fronterra financials

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