CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > Formal Evaluation

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Comment by soulfireon Aug 04, 2022 9:56am

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Post# 34870803

RE:RE:RE:RE:RE:Formal Evaluation

WCP i believe the evaluation would have had to be done before the deal.
So the deal incorporates the 335M shares and on a median basis that works out to be roughly $1.00 US per share.
So we should be at minimum C $1.25 SP
The 32% that CGX currently owns will be factored in when they hit MASSIVLY on WEI1.
Correct me if i'm wrong anyone.

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