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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 Dec 15, 2023 11:37am
139 Views
Post# 35786778

RE:RE:RE:Kevin Lacey ….?

RE:RE:RE:Kevin Lacey ….?

Given the situation, I don't think anyone in CGX management is going to make a hell of a lot of money off all their share options. Maybe Suresh, just cause he exercised at like .08 cents. 

the real money was, and still is, from the monthly salaries they are receiving. A guy like Durkee is pulling in over 40k/month... to do what? It's actually criminal how much money they are making. 

the fact these fools couldn't even monetize for personal gain all the freebie share options given to them speaks volumes to how incredibly stupid and useless the are. 

I'll give Lacy credit... he exercised 400k shares at just under .50 cents. I'm sure he wishes he never did that... then again, he was part of the reason the two wells were massively over budget and why CGX had to give up more WI to fund cost overruns, so he hasn't helped his cause either. 

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