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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

Post by taalon Aug 11, 2023 8:48am
185 Views
Post# 35583441

Valuation

ValuationFronterra told us before Kawa that and confirmed today that the Absolute minimum Cgx is worth would be app $475 million....and believe me they are in at the ground floor...So here we sit with a market cap of just over $300 million.. Do u think we are undervalued...You bet we are..Stock price will recover after this initial shock wears off...And if we get a decent buyout Everyone will forget about this Raping and class action lawsuits...Unfortunately  happens All the time to minority  retail shareholders...I've call Fronterra  Gangsters before ....nothing has changed...
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