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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 > Cgx takeover ….
View:
Post by Frank007 on Apr 06, 2023 2:12pm

Cgx takeover ….

Not happening.....they have similar interests but any more take out will not happen ...Frontera will invest in the port project...through loans for sure ...it already has Puerto Bahia in categena ..so it's a natural fit ...there will be no rush to bring  off shore Guyana into production....frontera will be building up it balance sheet over the next two years...a development plan for corentyene will be produced and ... farmin  and other option will open up
Comment by bullishdude on Apr 06, 2023 3:29pm
well.... get cgx into a corner and they get 100% of Guyana. easiast way is get CGX into a financing situation. CGX has no funds after this current well. If the results are inconclusive (CGX is the specialist at that)...then
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