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 > government rewrites terms

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Comment by Mbxwatcheron Aug 16, 2024 9:28am

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Post# 36182242

RE:RE:RE:RE: government rewrites terms

Not gonna cry......I made the investment decsion to buy and the one not to sell.
I do understand your point upon moving on, I really do.....but i made the call a long time ago not to "give my shares" to someone only to see it rebound with a last ditch buy out.

I am no lawyer, but i believe that the money CGX/Fronterra put into Corentyne does deserve some consideration if they revoke the license, and if that happens will stick around for that.

Anyway, I am absolutely not reccomending that anyone else follows this.
I have, and will make the calls i think best, ( I will say though, that a large part of me knows you are right)

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