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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

Comment by Miftee9on Apr 08, 2021 12:53pm
141 Views
Post# 32957355

RE:RE:scam manipulation.

RE:RE:scam manipulation.There is very few shares changing hands relative to the outstanding shares.  This tells me that whoever is scared has sold and whoever is still here knows the potential.  My only worry is FEC is holding the price here and does a take over at some $hitty premium and we all get screwed.  I think that is worst case scenario but seems like a slim chance of happening.  A lot would have to happen and given the resource report, it would be hard justify a low value.  I imagine a lot of lawsuits would follow tying things up.
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