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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > Re Question
View:
Post by taal on Mar 24, 2022 7:09pm

Re Question

Fronterra is not interested in its share price now...They really can't sell on the open market so what's the point...They have to prove up value if they are going to get taken out or J.V .Cant see how they can change terms of conversion rate...Going into Wei ...our share price will be higher than conversion rate...
Comment by IceDog13 on Mar 25, 2022 11:04am
If CGX cannot pay the debt back by the deadline, and CGX assets are collateral on the loan, why wouldn't FEC not take these assets as payment? If they get a JV in place over the next couple of months and the share price jumps to over $3 a share, then take the additional shares at $3.10. If the share price is at the current levels though, with Wei on the horizon, what is CGX bringing to the ...more  
CGX Energy Inc
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