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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 Mar 09, 2022 8:56pm
259 Views
Post# 34501608

Wcp

Wcp
Why Cgx couldn't secure $150...$200 million US last year and avoid budget issues...Whoa what have you been smoking...Where and how would you have expected Cgx to raise $200 million last year prior to drilling ...maybe they could have issued 400 million shares at .70 Can ....??.?Please ...you think companies go around raising that kind of money on a whim...And Prior to drilling...As it is Fronterra raised $73 million on the rights offering at $1.63..Soon enough we will find out where the money is coming from ...Fronterra didn't fork over that kind of money to walk away ...Regardless of how this goes down Cgx will get diluted one way or another...either shares or %of thier leases...Its remarkable that we are where we are.... You my friend can just keep winning....P.S. ..Never have I mentioned on this board the amount of shares I hold..Stick to the Facts....GLTA
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