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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 Jul 27, 2021 12:27pm
267 Views
Post# 33610479

RE:Here we go!!!

RE:Here we go!!!So much for yesterday's bump... back down to $1.64, thereby completely eliminating the gains seen. On considerably less volume no less. Yesterday's gains, in combination with last week's rise, should have easily pushed us above $2 today. Something does not make sense (albeit when does it with CGX?), especially considering we are literal days from spud. 

I genuinely think Frontera is upset they will probably have to pay a premium for extra CGX shares to fund the rest of Kawa-1 compared to what they paid in April and thus are doing everything in their power to keep the price as low as possible right now.  





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