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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 Schreibzeyon Aug 26, 2024 1:29pm
182 Views
Post# 36196325

RE:AGM questions

RE:AGM questions Maybe someone can ask:

1. Why did Tribukait decide against seeking re-election?
2. Is the plan to go forward with 5 Board of Directors and a non-independent board, against the recommendations set in 58-201?
3. How is Dennis Mills considered Independent , having participated in the Pacific Rubiales PP in 2013 if De Alba and Cabrales being part of FEC are considered non-independent? 
4. Without Board independence, what recourse to minority shareholders have for the Board's lack of fiduciary? Quarterly financials, audits, lab reports, working interest transfers, etc.?
5. In light of the formal valuation, why weren't SE Stabroek wells adjacent to corentyne considered in the pricing after Kawa-1, especially if Kawa was analogous to the block 58 wells?
6. Given the pay zones found at Kawa-1, why was the same pricing matarix used to transfer working interest before and after the well, without regard to obtained geological/seismic data and wireline logs in the Kawa well? 
7. Was Hannam & Partners paid for a success fee for their valuation - which committee at CGX was responsible for valuing H&Ps independence? Can you disclose H&P's full analsis on their pricing?
8. Who supervised the formal valuation done by Hannam & Partners?
9. Why hasn't the 4.5% working interest transfer been approved by the Guyanese Government
10. Is CGX Currently under investigation by the OSC and/or TSX.V?
11. What data is the Guyanese Government asking for to extend the license? Was it provided and when? 
12. What is the probability CGX will lose the Corentyne license? 
13. Why on earth can't anyone get in touch via Houston or Toronto phone numbers? 

I like WCP's question about the port, why is the opening consistently pushed to the right? Given two labs that reported the prospective resources, what was the disclosed contingent resources, given the fluid, core, and LWD submitted? 

I think that's it for now. Probably won't get any answers. But thanks for asking. 
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