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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 > Good News
View:
Post by soulfire on Jul 22, 2022 8:17am

Good News

Well, I think this is good news. The majority of the uncertainty regarding financing is put to bed.
We get a full carry, as well as loan forgiveness and some cash to way I read it.
Wei1 will be a slam dunk IMO and if we get a farm in partner after this all bodes well for CGX.
A farm in at that point will have to pony up some MAJOR cash, expecially if it's with a Major.
We all knew we would have to give up some to get some. Given our present financial position I feel very positive about the news.
My opinion only.
GLTA
Comment by Windyhill on Jul 22, 2022 8:28am
Yes let's see how Mr. Market responds to this news ! Do we get a positive SP move upwards ?
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