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 > Re thoughts

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Comment by chulo123on Jun 19, 2023 12:33pm

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Post# 35503533

RE:RE:RE:Re thoughts

I would rather prefer a total buy out –CGX and FEC--. I can not imagine Suresh or Catalist—De alba—with such a huge cash in his pockets, deciding what to do with it. And we as a minority shareholders look astonished at how they decide what to do with our money.
Meanwhile, for us, a total buy out represents a unique share Price. I ask.¿What guarantee us that the money we receive for a partial buy out Will be reflected in a share Price?

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