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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 soulfireon Jul 26, 2022 8:03am
319 Views
Post# 34850346

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

RE:RE:Frontera Ownership of CGX & how the Stole 20% WI! Good post Miftee.
Like you said we could have all sold in the $3 - $4 dollar range.
Personally, I thought we would for sure get a JV after KAWA1, like say a Total for instance. Frontera played their cards correctly in their best interest, can't blame them.
I'm here also for the home run, and yes, I do regret not selling at least half of my holdings. That being said, I think the market may take a couple of weeks to fully digest what really transpired here and the SP will go up.
Having a clean balance sheet and a full carry for WEI1 is key.
I suspect they were unsure of market reaction, thus the Friday release.
GLTA
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