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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 BoykJurko11on Oct 19, 2022 1:33pm
349 Views
Post# 35034115

RE:RE:RE:Time Bomb ?!

RE:RE:RE:Time Bomb ?!I'm getting old and too lazy to look it up but didn't fec apply to get on the "big league" tsx and off of the ventures exchange? If yes, then they will do nothing that frustrates minotity shareholders that might invite class action law suits.

The tsx is designed in such a way to protect shareholders interests. Getting listed there means that the companies have been vetted and big money institutional investors can be assured that what they invest in are not scams. A decent discovery on Wei may well catipult fec into the big leagues where big money might come flowing in. I just can't see fec risk losing all of that potential upside by screwing minority shareholders.

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