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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 > emails
View:
Post by soulfire on Sep 07, 2023 2:47pm

emails

Keep sending to both companies everyone or this Bufoon will sell us out even more.
Both companies have to know we mean business and will not take this lightly.
If it comes down to seeking legal advice, I am willing to chip in.
Comment by SheDrills on Sep 07, 2023 3:08pm
If they can't get a farmdown or farmout to major here then there isn't anything to fight over.  Once the port is up and running it "might" be worth the current market cap....but so long as the stock is majority owned by Frontera there won't be any liquidity and likely would nevery be fairly valued. The grand prize here is selling out or down Corentyne to a major...BOTH ...more  
Comment by SheDrills on Sep 07, 2023 3:13pm
Long story short...they have already technically (not commercially) proved up their 2 best/largest prospects in the license....if they can't attract a deal here then drilling a 3rd well/prospect won't change the situation.  Commericial proof requires more wells to confirm the prospect size and flow data. The risk now isn't about being dilluted...it's about not achieving a ...more  
Comment by waitingstill on Sep 07, 2023 4:00pm
Is it worth flooding their mailbox with demands for a shareholder meeting to discuss the actions being contemplated to achieve a farmout considering we are broke? I think we can all send Emails to appropriate Email addresses...
Comment by SheDrills on Sep 07, 2023 7:42pm
They will owe shareholders some kind of update by the end of the month but I expect that update to come thru Frontera.
Comment by westcanpride on Sep 08, 2023 9:01am
It's clear SheDrills that they (CGX and Frontera) could care less about keeping minority shareholders updated on lab results or anything else really. I could easily see this dragging out until November when they are forced to do their 3Q update.  Like really, does Suresh and De Alba truly think people are this dumb to believe that the lab analysis are still not completed? Even if some ...more  
Comment by Stampeder on Sep 08, 2023 10:46am
In my view publically announced tests results would be in everyone's best interest in attracting and garnering the best possible JV/buyout.  
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