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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 Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Bullboard Posts
Post by pathfinder8on Sep 14, 2019 7:30pm
263 Views
Post# 30127613

Fifteen years with some success early, but the best is yet

Fifteen years with some success early, but the best is yet TO COME. 

i  first became involved in this story in 2004 when I heard a director give a big presentation in New Orleans. I waited for the big promote on their onshore drilling, wiich failed and the stock went to about 25 cents, where I loaded up. It promptly went to over 4.5 US dollars and was magical. then the bottom fell out until they drilled the Jaguar well, when it ran to about 2 bucks, again another opportunity, then of course they missed and we have been in hell since. Congrats to management and Frontera for keeping this alive. The 25 cent Rts were tough to consider but with stupid luck we doubled down, so now here we are getting ready for what is termed in baseball, a meatball pitch to hit over the fence. we have one home run, lets see how many we can get in the next year. Nothing like a position in a "world class" play. In effect, there are few of these to come along. However 15 years in the wilderness can lead to a lot of toughness. GLTA, I'm enjoying this story ---finally. 

Bullboard Posts

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