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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

Post by westcanprideon Jun 30, 2022 10:09am
409 Views
Post# 34793552

Management Circular

Management CircularI strongly encourage everyone to read the recent management cicrular posted on SEDAR... well maybe not if you wish to keep some sanity. 

Irregardless of how CGX stock unfolds, these senior leadership folks in CGX are getting paid an absolute killing in base salaries and additional perks and still walk away massive winners. For a company that has only drilled one well in over a decade, has absolutely no profit, etc, its crinimal how much these guys are compensated. They literally do treat the company like a cash register. And the joke that someone like Suresh needs to be compensated well to be kept around is completely laughable... the man is completely worthless at his job.

I am hopeful one day I can achieve such a lofty status in life to suck at my job so much that I could still get paid like a King, like these losers in CGX. 
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