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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 > Re Exploration manager
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Comment by westcanprideon Apr 19, 2022 11:02am
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Post# 34613150

RE:Re Exploration manager

RE:Re Exploration managerAs per Mar 23, 2021 news release, she was granted 400,000 options and were exercisable at $0.82 cents CAD. Additionally, they vested in three parts.... a) 1/3 immediately, b) 1/3 at 6month anniversary and c) 1/3 at 1yr anniversary. 

So in theory, given we are over 1yr since the grant, she could have exericed all 400,000 shares  a personal investment of $328,000 CAD. I would be shocked if she didn't. CGX is close to $1.60 now... even at $1 CAD, she would still be in the money. 

Now... does she keep all 400,000 shares? Or does she sell?

Devil's advocate... maybe she was part of the massive one day dump back in early March (would have been roughly 266,000 shares given the last 1/3 hadn't vested yet)? 

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