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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

Post by taalon Oct 05, 2021 8:44pm
204 Views
Post# 33971739

Share price

Share price
Our share price being in the $1.60 range didnt just happen by chance..The share price has been controlled for years now...very easily done with such a low float...Fec is not exactly a large oil company and for them to Fully finance this well with thier limited funds... speaks volumes.They have every intention of exercising all unconverted rights...now they are more than willing to finance this deal in return for shares at $ 1.63 Do you think they may be very confident that they are making a Good Investment...What do they know that we Dont?They want All the Shares and the way it looks they will get them...Fine by me...
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