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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. 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

Bullboard Posts
Comment by OIL_RUNon Jan 19, 2020 11:16am
168 Views
Post# 30570804

RE:Rapsani

RE:Rapsani

Taal - great post. Would add:


Before end of Feb CGX issues Resource Report (Corentyne & Demerara): CGX sp moves upwards of US $1.50; or US $500M market cap.

 

Feb-March Analyst Coverage: CGX sp moves upwards of US $2.00; or US $600M market cap


April-May, JV Announcement: CGX sp moves upwards of $3.00; or US $900M market cap


June-July: 2020 drill site selection confirmed $3.50; or more than US $1B market cap


Q4-2020: Major discovery announcement in the Northern Corentyne Area (upper cretaceous) CGX sp moves upwards of $7.50; or more than US $2B market cap


Early 2021: major discovery announcement in Demerara (upper cretaceous) and resource report upgrade CGX sp moves upwards of $10.00; or more than US $3B market cap


... alternatively, potential buy-out before end of 1H-2020 for more than $4.00

 

As a general comparison - BAML valued Maka Central success at more than $6 to Apache's share price - around $2.5B. Apache's stock actually moved upwards of $10 a share based on collective announcement of Discovery a JV with Total - more than US $3.5B in value.


Be patient...  good things coming are way...

Bullboard Posts