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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 oilinvestor2022on Feb 26, 2022 4:01pm
481 Views
Post# 34464768

Fiduciary Responsibility

Fiduciary ResponsibilityWhen there is material information it should be realeased.  Ie) lease status updates, wireline results, quality of oil,  financial update etc.

A release of information may stimulate interest in farm-in, buy out or farm down.  I would think that logically if we are issuing shares to frontera then price should be indicative of drilling results....

any thoughts....

good luck to all

oil investor
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