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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 SportyJon May 11, 2022 12:14pm
228 Views
Post# 34674312

RE:I have said before

RE:I have said beforeSoul, humor is good and your post is an instant classic! Stark, I dont think some are questioning the demise of Cgx the corporate entity. It's the Cgx common shareholder that's in question. Companies reverse split (like Cgx did), emerge from bankruptcy (sometimes more than once), issue tons of new shares, issue convertible debt securities etc etc and companies survive. Citing Cgx's ability to survive for 20+ years is probably not a great success case study for a business school MBA. How has Cgx performed for its shareholders over the last 20+ years is the better question. If you invested $1,000 in Cgx in 1998, how much is it worth today? All imo.
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