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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 soulfireon Jul 29, 2021 6:59am
229 Views
Post# 33619763

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Here we go!!!

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Here we go!!!AnMar that's a valid point.
Given what I know now and having been through hell for the past 18 years I would never invest in another company such as CGX.But....many of us has had our hands tied for years.
Having said that I do believe in the CGX prospects, they will hit big so I'll hang in for now.
I agree Frontera is greedy and will swallow up some more of CGX for pennies. However we will drill and I expect a positive outcome.
This thing can fly....just look at last month, but honestly it is being held back for some reasons which have been speculated on this board. We will know soon, maybe tomorrow after close. The rig might be headed to Guyana by this weekend which will take about 3 days and then one day to spud. So I expect a spud window of August 5th - 7th.
One way or another we will find out.
GLTA
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