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. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.

TSXV:OYL - Post by User

CGX Energy Inc

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Comment by tiger77on Mar 08, 2019 11:14am

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Post# 29461258

RE:Oyl.rt trying to sell off stock but is there any options

Whatever isn't exercised or rights options sold will be bought by over subscribers (like myself) and anything additional will be purchased by Frontera. Right now there is no one actively buying the rights at $0.005 cents so if those don't get filled they will vanish as of March 12th from what I understand. No one has the crystal ball but I do believe we are headed up once this closes. EOG just got a massive boost today and while we can't make direct assumptions I also know that we've been at their price before pre split and believe we can do it again on a JV(s), Spudding, and results.

If I am wrong anyone feel free to correct me.

GLTA!

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