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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 jtddon Jun 21, 2023 2:29pm
202 Views
Post# 35507659

RE:WCP

RE:WCPEven if Frontera takes a bigger portion, you need to ask yourself, why do they want more? If the answer is that CGX shares are going to increase substantially, then does it really matter if CGX gets marginally less of a big find? In the end, Frontera wants CGX shares to be worth as much as possible, I would think, so that they can sell everything and get the biggest bang for their 200+M shares. If the shares are worth more, do you really care if they get to $5-6 or $6-7?
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