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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 > Re early may
View:
Post by taal on Mar 06, 2024 4:03pm

Re early may

I dont believe that Fronterra drilled Kawa and Wei on thier own because they could Not get a deal on Corentyne..Guyana government  auctioned many consecions that were Not sandwiched in by Exxon to the west and Toal Apache to the east....both huge discoveries...I believe they drilled both holes to get a much better deal than what was probably on the table...Thus the time factor..How long it takes to iron out a deal...im not sure...but do believe we are worth much more than what we are currently  trading at....
Comment by IceDog13 on Mar 07, 2024 2:28pm
These kinds of deals take a LONG time! With billions of dollars at play this isn't something that happens overnight. If you look at the deal in SA that just happened on block 3B/4B that Total/Qatar just signed this week... that was almost a year to get done (might have been more). If a deal was done by now, that would have been very quick imo. I'd guess it could be another 3-6 months ...more  
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