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 > When is CGX going to be swallowed?

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Comment by Rapsanion Dec 13, 2021 9:42pm

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Post# 34227520

RE:When is CGX going to be swallowed?

Welll my 22 years of dreams won't come true but as my first stock mentor told me "you never lose from a profit",

If there is a takeover, it would be in FEC shares.. they have been buying them back. However, can't see how this would work because it is CGX with the $200 mill (+ more after this well) of "credits" with the government ... I bet gov't would say no to FEC on the credit part.

Now I'm assuming you are saying this offer would be before drill results ... and IF they are offering it, they know they have something because they could just wait after the dry hole and let the price tank.

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