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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 good news
View:
Post by taal on Jul 22, 2022 8:36am

Re good news

I'm sure there had to be interested parties at the same if not better terms than the deal just made by Fronterra. It is plainly obvious that Fronterra feels thier chance of success on Wei is very high and are not interested in farming out AT THIS MOMENT...Im sure a deal is already in the works depending on what Wei reveals...
Comment by stark15 on Jul 22, 2022 8:50am
I would agree Taal.......imho, it is probable that they had even better terms from a 3rd party but FEC wants to maximize THEIR value as much as possible so going to a 3rd party not in the cards i think. I would agree this is good news for CGX and the words DEBT FREE should send a good message to the market/investors..... I would ask this question.....i have ask it many times before to many who ...more  
CGX Energy Inc
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