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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 > Government Greed
View:
Post by Caribman on Aug 28, 2024 11:01am

Government Greed

The government wants Wei and Kawa
Comment by SheDrills on Aug 28, 2024 11:31am
That's a legit concern. I was talking about this situation to someone who is an exec for a junior explorer in other parts of the world.  The first thing he asked me was if I thought someone was bribing the Guyana government to flip the block.  So yes, there is potential of that here and why I asked about legal recourse on Frontera's earnings call. However, if that was going to ...more  
Comment by Schreibzey on Aug 28, 2024 12:05pm
Surely the Colombians know how to get this done one way or another. To your point, there was a VICE video on YouTube not long ago that said if you want to get anything done in Guyana, you need to pay Jagdeo. Interesting to note it was a Chinese spoof company in that video making the payment, etc.  The Chinese connection here is interesting: https://www.reuters.com/markets/commodities/once ...more  
Comment by Frank007 on Aug 28, 2024 9:10pm
This post has been removed in accordance with Community Policy
Comment by Devanand1 on Aug 29, 2024 10:12pm
This is a simple situation. CGX needs to show the government that they have the money in place to move this project forward. This is what the government is asking the company for.  CGX response to the government was not compelling. Sad to say, I would lose a lot of money here but I do beleive that the government is right is keeping CGX feet to the fire for some answers as we shareholders does ...more  
Comment by waitingstill on Aug 30, 2024 12:06am
Will that coward and shameless crook Suresh even show up at the AGM. Such a coward.
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