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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 > Dead Silence These Days
View:
Post by westcanpride on Jun 10, 2022 9:44am

Dead Silence These Days

Given that Wei-1 won't spud until likely late summer or early fall, I am doubtful any news is released in the meantime. On a plus, least we will get a news update come early August from CGX and Frontera... upon which I am sure they will say CGX is still exploring "strategic alternatives" to finance their operations. 

Then again, if the rumors are true and CGX is still looking for a new CFO (based on posts yesterday), then securing a JV deal becomes quite difficult... especially if Frontera instered their own new CFO only last week. 

As Joe Pesci classically once said in Casino... "This guy could fu*k up a pot of coffee"... I think this same statment could be applied to De Alba and Suresh!
Comment by soulfire on Jun 10, 2022 11:59am
WCP, Joe Pesci was talking about DeAlba and Suresh and that's how Murphy's law came about. These guys are legends LOL
Comment by CLOUDER on Jun 10, 2022 12:37pm
yah and with the money i`m making in  SOU and  NEV i will be piling into CGX  in a month or so at  a buckish,    man if the marcket wasn`t so lousy  thouse 2 would be really taking off.
Comment by Coloradobuff on Jun 10, 2022 12:40pm
Thanks. So come back in august. 
Comment by CLOUDER on Jun 10, 2022 3:50pm
holy,    SOU,  NEV  aer  on fire,     yaaaahhooooo.   oyl  will to    just  WAIT,      wait.   even when  the market is cratering  they are on fire,  tells  yah some thing  eh?
Comment by Dirksidetrack on Jun 10, 2022 6:33pm
Tells me that you think that you're travelling at the speed of light where a few minutes to you is like into August for others on earth. Lol. Go get em Cloudy! Albert Cloudy-in-beer-stein's Relativity E= mc f**k Lmao! Naw man, that Cardium formation was discovered in the 1940s. Residual oil can still be got though. Got a new technology out now. Polymer flooding. The company SNF is big into ...more  
Comment by Miftee9 on Jun 15, 2022 6:24pm
Or one could read it as a good thing.  You dont go pay $500k to a CFO if you are shutting the doors.  In the meantime, they can outsource the financial work to consultants proficient in this type of work.  I think it is a good thing.
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