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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 Aug 24, 2022 8:29am
213 Views
Post# 34916425

RE:Valuation

RE:ValuationTaal, the theory DeAlba's options and his self interest was gonna increase the sp hasn't worked out; at least for now. The theory that he owes nothing to cgx shareholders looks more like the prevailing winner at least to the most ardent cgx supporters. One way FEC/CGX have a legal problem is IF we got a better offer from a major. Now that would be a real legal problem. Might need to get the RCM to raid DeAlba's basement and search for super secret classified 3rd party offer documents. That of course is a joke. However, if we got higher offers then even I would be highly POd. Glta and as always, all imo.
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