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 > Trading pattern

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Comment by tiger77on Apr 05, 2022 2:33pm

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Post# 34577691

RE:RE:RE:RE:Trading pattern

FEC responded to another poster's email and said later this month. Best guess is that they will show & tell, shop their data. Negotiate with 1 or more companies and when a potential deal is struck that will need to be approved by a board of directors at that company to spend that much money on a JV and only then will be hear something tangable.

While I do hope there has been some DD done along the way I'm not anticipating a deal until weeks or months after that information has been released.

Hope I'm wrong and it's sooner but we'll have to wait and see.

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