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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

Comment by soulfireon Apr 13, 2022 8:28am
121 Views
Post# 34599516

RE:RE:Flip a Coin

RE:RE:Flip a CoinA lot of shareholders just did not choose not to like Suresh, it's his performance that we don't like, and that is part of the person he is.
It's been over a decade and the culture has not changed. They don't bother to respond to emails or phone calls. This is directly linked to Suresh, he runs the company.
I wonder sometimes if the Government of Guyana knows how CGX conducts it's daily business?
I happen to know a lot more than I care to publish on this board, so I think I know Suresh has not been a beacon for CGX, he is actually the opposite.
Frontera is keeping him for their own benefit. They like his lack experience, it bodes well for them, they can basically gobble up more and more of CGX because of him. So one has to ask, Is he aware that he has no experience (out of his league) or just want to keep his paycheck coming?
If the latter is the case then he surely does not care about any of us.

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