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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 Jul 12, 2022 7:27pm
296 Views
Post# 34819429

RE:Re share price

RE:Re share priceTaal, I respect you, I really do. Here comes the gentle "but". You get hung up on DeAlba's or Durkee's or Suresh's options along with what sp FEC bought in the RO or the sp conversion on the $35m loan as somehow relevant to where we are today, right now. I will not dispute that these points are worth consideration. However, if I'm not mistaken, Jenni walked from her options. I mean walked away. Right over to Hess. Just like FEC, she had all the info vs us uniformed shareholders and she walked. That was bad on so many fronts; no way to spin it. Where we are right now is ugly. Short of a miracle JV with a major, I'd take FEC shares in a fair exchange and close the book on Cgx.
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