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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 25, 2022 3:17pm
207 Views
Post# 34849058

RE:Frontera Ownership of CGX & how the Stole 20% WI!

RE:Frontera Ownership of CGX & how the Stole 20% WI! WCP, my friend, what happened between Friday when you hailed the deal to Monday when you want to burn it all down and fire everybody (my words)???? I've been here long enough to have warned anybody that would listen what was most likely going to happen. DeAlba/Fec was gonna Pac Man Cgx. They might even do it again after Wei, I dunno. But if I could, Fec has been the ONLY one writing checks here. The ONLY one with real cash to move this JV fwd. Cash is King and Fec had it, Cgx didn't. Cgx had only the tip of Corentyne left to leverage and it did. If you or others want to speculate we had seriously higher 3rd party offers and Fec blocked them, fine. But today, it is what it is. All imo
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