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.

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CGX Energy Inc > Please explain

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Comment by Kelvinon Mar 04, 2024 11:36am

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Post# 35913396

RE:RE:RE:Please explain

Thanks for that peterj99. Gotta be clear about our definitions. How do you define diluted shares? I take it to mean outstanding shares plus options, warrants or any legal claims on shares. Like a company could buy back shares on the open market and not take them out of the outstanding share amount by retiring them. They'd put them in their company's treasury to cover options and other claims on shares. If they don't cover options etc with shares from the company's treasury then where do the shares come from to cover options etc claims? Do they simply issue more shares thereby diluting the sp of the existing shares?

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