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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 westcanprideon Dec 05, 2023 9:49am
296 Views
Post# 35768756

Frontera…

Frontera…

Frontera share price sure flying. It's one thing to invest in CGX... we all know how useless their management is and we also knew the technical risks.

Frontera, on the other hand, was supposed to be the "safer" bet. What a joke that is as well... almost down 40% since 1Q 2023 and their only solution is more "share buybacks to add shareholder value". Go ahead, keep trying to kill off CGX... in the interim, you are also killing off >$500Mil in direct investment as well by making Corentyne look bad as well. 

That POS weirdo De Alba has proven to be a collosal fu*k up in multiple industries, including oil and casinos. He truly does take useless to all new levels. 

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