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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.


TSXV:OYL - Post by User

CGX Energy Inc > Is Suresh around?
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Comment by Phantombloggeron Nov 10, 2023 12:06pm
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Post# 35728656

RE:Is Suresh around?

RE:Is Suresh around?This chap is reminiscent of Moses Nagamootoo? Neither of them know (knew) their own power!
Instead of Nagamootoo standing his ground (because of his own political capital) he allowed PNC to the results of 2018, 2020 and now!
Ditto for Suresh! He allowed Frontera to run amok with CGX, all for his fat salary and shares! No he should be replaced! With whom? I don't know, but other longs should chip in and start to advocate for this company!
At this point in time we don't know how much more will be given away (for debts owing). From 2015 when I spoke with him at the AGM, I posted on this board that he is "suspect"!
I for one, want a reversal of the working interests, because the wells were over budgeted! Imagine a dray cart company paying cadillac fees for drilling wells! Where does that happen?
Phantom
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