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 > Valuation

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Comment by SportyJon Aug 11, 2023 9:04am

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Post# 35583488

RE:Valuation

Taal & others, correct me if I'm wrong here.

Both companies just agreed the value of N Corentyne is worth $351m. Now that's disappointing in an of itself. But $351 x cgx 32% wi / 335m cgx shares outstanding = .34 per cgx share. Gave us $16.5m for 4.7%. So new cgx value per share after this "transaction" = .29 per cgx share.

Am I thinking about this right?

If FEC is the only means of raising capital, it should have been a loan.

No value for the boat dock/bait shop & all are in usd.

All imo & glta

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From now on, dynaCERT instead of Bitcoin or NVIDIA?