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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 Dirksidetrackon Sep 01, 2021 5:21pm
206 Views
Post# 33798641

RE:RE:RE:RE:RE:RE:RE:RE:Re Dirk

RE:RE:RE:RE:RE:RE:RE:RE:Re DirkI have no info on the well, nor do I want any. Big money in play here. Wrong info or comment could cause serious problems. But, no doubt, info will be leaked but be very careful. It could be disinformation as well. That's why I stay away from saying anything to anybody about anything. For example yesterday I got a message on messanger from an old friend retired companyman that asked me if I knew anything about Shell's Mars platform breaking loose from it's moorings in the Gulf of Mexico during hurricane Ida and tore up a bunch of subsea piping and equipment. I googled it. Shell said that it didn't break loose and everything is fine. Oil traders didn't know how to react. If it broke free then oil prices jump up. Looks like someone started a rumour that it broke free to cause a jump. I'm repeating the rumour now only because Shell says that everything is fine and everybody relax. They'll be back online pumping oil when given the go ahead. The same thing could easily happen on this well. So I won't even comment on rumours. I can speak in very general terms about technical stuff that can be found on the internet but that's about it. The share price will be my guide. If they run into problems then I expect a drop but even then that could be a form of disinformation too. So to play it safe I'm waiting until November. Then I'll decide. If I see a steady rise up from now until November I'll take it to mean that they made it safely to their targets. I'll breathe a sigh of relief then buy. That's my strategy for what it's worth.
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