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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 May 07, 2024 8:56pm
204 Views
Post# 36028004

RE:What the f is up with this p o s …

RE:What the f is up with this p o s …

Not too worry Frank. The technical folks working for CGX and FEC keep getting their monthly salaries. Hell, FEC just forked out millions in stock options to a bunch of people. 

Look at a guy like Lacy... fuc*ed up two wells (massively over budget, didn't collect pertinent data, etc) and yet he still is rewarded with massive amounts of cash each month. 

CGX and FEC might not give a single fu*k about shareholders, but they sure do reward and take care of their own staff members, that's for bloody sure. 

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