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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > jada listen up ....
View:
Post by Frank007 on Aug 17, 2021 11:50pm

jada listen up ....

frontera set aside 90 milion $ for the drilling of the 2 wells ....and the siesmic for damerra ...its all payed for they signed a letter of undertaking with the rig operators   the rig will get payed .....for this  frontera get 1/3 of the conssesions.... frontera already has 79.4 %  of  cgx energy shares  that can be sold at any time yet they have never sold  one ....soooo the true  managers here is frontera but cgx will do well if the kawa well comes in big .... so you can invest in frontera and take a flyer ...not the right word ...a chance  because they are both jopined at the hips.... good lubk  happy elephant hunting
Comment by soulfire on Aug 18, 2021 8:04am
Frank is correct. This was stated many times by Frank on this board and by Frontera. What choice do we have at this point? At least we know the well will get drilled and if we make a massive find, WHO CARES!!! Do any of you plan to stay in this game before TD or after KAWA1? The port would be a great backstop. If you do, then you should care. Give it a rest guys and enjoy the next couple of months ...more  
Comment by jada13 on Aug 18, 2021 9:33am
Thanks,I'm in all the way to TD.Its just the knowledge of knowing CGX's legal obligation of disclosing info makes a huge difference in the buying and or selling.
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