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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 Dell1on Nov 14, 2023 8:56pm
148 Views
Post# 35735884

RE:RE:RE:RE:RE:Audio

RE:RE:RE:RE:RE:Audio

BigBadB, unfortunately the nature of the public companies usually is to faivour segnificant shareholders ONLY that can make a dent in their stock value. They are more transparent with institutions and who has a big position. The first time I have heard about the CGX when they drilled Eagle-1 on April 25, 2012. At that time Pacific Rubiales was arround. Who followed the history of Frontera know what happened. 

I kept an eye on CGX for many years. It was insane when in 2015 Exon announced their discovery. Frontera team was preparing funds and getting right professionals onboard like Dr. Mark Zoback from Stanford. I read his book in the past.

So, unfortunately our combined positions at CGX has little impact on the management and the board of directors. At least we have Christina that has I am sure a good chunk of investment in both companies that cares more about small investors. She cares more than the IR of Frontera.

I have been holding long and adding to my position even in the last few days.

Last thing to mention, CGX is a venture company and it has a lot of risk associated with its operations. Even Frontera that has solid daily production got hammered because Guyana can increase the Market Cap. tramandously.
 

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