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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
Comment by pathfinder8on Oct 09, 2019 2:29pm
191 Views
Post# 30213227

RE:Frontera at work

RE:Frontera at work OYL has a major shareholder in Frontera with well over $200 million probably invested. I don't think any action involves them in this stock. Perhaps those around them already picked up what they want early when that group knew exactly what the play will be and the small investor, sells into it or just finally throws in their towel. This action or lack thereof is due to limited float, limited near news and penny players at work. Ignore noise for now and ride this bull. It is never easy to make a lot of money, but it is satisfying when it comes through. Just my free advice from years of ups and downs. 
Bullboard Posts

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