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

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CGX Energy Inc > Disappointing to see this

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Post by Dell1 on May 30, 2024 5:21pm

Disappointing to see this

Two possible reasons Frontera can't find a partner for us are: Firstly, the resource estimate and return on investment might be low or not economically attractive enough for a joint venture. Secondly, our management may not be highly regarded or well-accepted in the oil and gas industry due to its reputation. There could also be a third option that we are all unaware of.

It is disappointing to see how the appeal has completely disappeared from our two drilled finds.

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Comment by Frank007 on May 30, 2024 7:12pm

I would say it's the corruption with De Alba and Glassman that will not let a deal happen ...the oils is there it just no Bobby including me would invest with these clowns ...I,m still in the black but looking fo an exit too....

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CGX Energy Inc