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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 > Disappointing to see this
View:
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.

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....