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.

TSXV:OYL - Post by User

CGX Energy Inc > Debt converted to Shares

<< Previous

Bullboard Posts

Next >>

Comment by jtddon Mar 25, 2022 7:30pm

256 Views

Post# 34547315

RE:RE:RE:Debt converted to Shares

Without a JV, you don't think FEC would simply loan another $100M convertible at $3.10 again for another 30M ish shares to drill Wei? That would take shares to roughly 375M, no? What's so wrong with that? Still hoping for a JV though.

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing