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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 westcanprideon Sep 08, 2023 9:01am
1342 Views
Post# 35625747

RE:RE:RE:RE:RE:emails

RE:RE:RE:RE:RE:emails

It's clear SheDrills that they (CGX and Frontera) could care less about keeping minority shareholders updated on lab results or anything else really. I could easily see this dragging out until November when they are forced to do their 3Q update. 

Like really, does Suresh and De Alba truly think people are this dumb to believe that the lab analysis are still not completed? Even if some form of JV/buyout is occurring, how difficult would it be to do some form of a press release stating the results of the well? The approach all these years of secrecy/misleading information sure as hell hasn't aided CGX/Frontera in securing that big outside deal... heaven forbid if they actually started acting professionally, might actually help secure a deal for once. 

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