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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 Nov 02, 2023 12:59am
277 Views
Post# 35712752

Re Frustrated

Re FrustratedSoul can't disagree with you there...Suresh gave away cgx for a pittance but I don't think it was incompetence but more so that he was bought and paid for by Fronterra to do thier bidding for them...Minority shareholders always ....ALWAYS end up with the scraps...Just the way the game is played....OSC is a joke...no protection for the little guy...At least we can say that long term shareholders were allowed  to purchase equal amount of shares through rights offering at $.25...I still refer back to Fronterra guaranteeing themselves 99%of the last rights offering where they forked out .$75 million to purchase  shares at $1.63....You just don't make that kind of investment..blind...They know much more than we do...Hang in all ..I really think we will all make out ok......GLTA
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