On Energy can hold on to its onshore "licence" without having to drill a single well . . . freakin unbelievable!

Guyanese need to wake up

 It is a Canadian company in name. It is almost wholly owned by Guyanese. A member of this group is on the berbice river bridge and I am sure will be part of the Marriott.

no doubt, no doubt . . .

the ON Energy carve out is the local honey pot . . . everbady think they smart

What would the oil companies be bidding on? The right to exploratory drilling? Its not like Exon and Shell are knocking on the door. These companies have been plowing millions of dollars in dry wells over the past decade and this is what you two fools came up with?

really Vish?

so tell us , who is this phantom claiming that CGX is NOT a publicly traded company, eh? strawman much bai?

alyuh PPP wannabe smartmen always trying some lame ass misdirection when people start peeping behind the curtain

educate your tiny mind lil before u bray . . . you'll embarrass yourself LESS

Stick to speaking about what you know of - roti shops on Liberty Avenue.

CGX is a publicly traded company so of course nickel and dime investors like you can buy a few hundred shares online.

However, the bulk of CGX's funding comes through private placement deals where selected investors (the oligarchs in Guyana and their cronies) are the only ones allowed to purchase shares. 

Why do you think that exclusive licences are being granted to CGX for exploration of the areas with the greatest potential for finding oil? So that the oligarchs in charge and their cronies will be the ones cashing in big time while the small timers like you will be happy with a lil two thousand from your "publicly traded company".

http://en.wikipedia.org/wiki/Private_placement

Private placement (or non-public offering) is a funding round of securities which are sold not through a public offering, but rather through a private offering, mostly to a small number of chosen investors.^[1] "Private placement" usually refers to non-public offering of shares in a public company(since, of course, any offering of shares in a private company is and can only be a private offering).

http://www.infomine.com/index/pr/Pa034089.PDF

TORONTO, ONTARIO--CGX Energy Inc. (CGXX.U) is pleased to announce
that the US$3 million private placement announced on November 4,
1999 has been completed.

http://www.marketwire.com/pres...ure-oyl.u-781660.htm

October 16, 2007 15:11 ET

CGX Energy Inc. Announces US$30 Million Underwritten Private Placement Financing

TORONTO, ONTARIO--(Marketwire - Oct. 16, 2007) -

http://www.marketwire.com/pres...Placement-643523.htm

April 02, 2007 08:16 ET

CGX Energy Inc. Announces a US $8 Million Private Placement

TORONTO, ONTARIO--(CCNMatthews - April 2, 2007) -

http://trove.nla.gov.au/work/1...?versionId=172224297

COMTEX News Network, Inc., 2011 Oct 20

CGX Energy raises $94.64 million in private placement.

 Where did I say it is not traded? Anyone with access to a potential treasure trove can raise money in conventional ways to exploit it.  Is that not the way it is done? The point I make is the majority share holders are Guyanese. That they are friends of yours means shit to me. It is my country they are about to exploit so I have a right to know if we are on our way to another Equatorial Guinea. That the same people keep  turning up on any cash cow in the society raises eye brows.

To you it is just their business savvy. To me it is another of who you know opening the doors and I want to know how the will manage what is not theirs to begin with but the nations. That they have access to it means how and why of these deals are our right to know.

Again, the PPP daddy did not give them the thousands of square miles the lease out to their friends. I doubt also it is on the bounty of their altruistic spirit. They do not have a track record of fiduciary responsibility to our people. The necessity is to watch them.

Please note, they are already rich on the mere possession of t hese leases. I bet control of these stocks having them sitting cushy and even if they find only mud they would have become rich on the give away of our lands to them by the PPP.

Note again, I never said they are bad people. Good people become crooks when great wealth is at stake. Check the PPP to that end.

Is CGX Energy now Guyana's [de facto] NATIONAL oil company?

If so . . . Guyana is owned by PPP Inc.

Bhai, First you have to have a Brain. These two Pea Braind can only talk Shit daily.

One may ask if amyloid plaque has replaced what you had for a brain or if the promise of free pork cutters and cheap vodka keeps it from functioning well.

Redux, there is nothing in the press release and the local newspapers' reportage that lend credence to the title of this thread.

Everything that's reported is transparent and have nothing to do with what the title of this thread suggests.

Now let's hear something that's helpful (favorable or unfavorable) in any discussion regarding investments and infrastructure works by exploration companies, including CGX. Such rantings and declarative titles are useless.

YUh mek deh DUNCE run away now!!!!!

Oi Nehru, I doan tink he done a good job, how come you still deh roung?

Please be nice to Nehru....... at least he on the "right" side

CGXEF was trading at 0.11 on tuesday....it is now 0.147.

In English, it is 34% profit in 2 days

I sorry for CGX. The longer it take them to find oil the more money they waste. That is not good.  God has to be a bloody AFC supporter no wander he can curse like that.

I don't like that stinker mouth Kari but I sorry for both him and CGX they can't find the oil.

That Kari got a stinker mouth just like God. Both can curse more than a mad man who just run away from the Berbice mad house. 

Prasad bhai guh drink some painoose.............

Really Kari?  Let's cut the bullshit . . . this business about local "reportage" and a "press release" is the kind of imbecilic red herring i expect from the likes of conscience and Nehru

EXACTLY what is it that you find NOT factual in my title:

NO BIDDING! CGX/ON Energy handed "repackaged" Licences . . .

hmmm?

and . . . your 3rd paragraph is facile mumbo jumbo. Please elaborate lil on these "investments and infrastructure works by exploration companies," and their relevance to the topic @ hand

my "rantings" and "declarative titles [??]" must be penetrating deep enough SOMEWHERE to trigger this weak, flighty 'rebuttal' from you . . . who, frankly, should know better

You've now moved from useless ranting to irrelevance.............case closed. I won't waste my time with you. Go hold hands with Prasad and whistle in the dark

is naa you 'open the case' like wan starbai?

now u got nothing . . . it's fitting that you hustle now and "close" it

ignominy much?

go buy CGXEF whilst you can and enjoy the ride

Vish, Vish, Vish: that's the same thing Maddoff told his investors. And so did Stamford. So your ponzie scam is not unique in nature.