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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

Comment by westcanprideon Jun 18, 2021 8:29pm
299 Views
Post# 33415793

RE:JUNE-18-2021: SURINAME LICENSING UPDATE

RE:JUNE-18-2021: SURINAME LICENSING UPDATEThis is fantastic news. Thanks for sharing Oil_Run. Definitely makes that Utakwaaka-1 exploration well (announced 2018 I believe) look much more attractive up-dip from Kawa-1 (NE Cornetyne), especially now that Chevron has a large chunk of land ajacent to it. Given the recent news from Suriname, perhaps some of the folks from Chevron and Total were buying up CGX shares this week? In any event, we now have Exxon, Apache/Total, and now Chevron all around us. In the past, any share price spikes were always temporary... I think that is over now. I can only see us going up from $1.24 now as we have had three fantastic days of share purchases (and probably accumulation by many). Great way to start the weekend. 

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