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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 Miftee9on Oct 13, 2021 1:02pm
261 Views
Post# 34001682

RE:RE:Getting close to the Pluma & Haimara pay zones...

RE:RE:Getting close to the Pluma & Haimara pay zones...I am a long and am bullish on this stock.  If the price starts to run to a price that is significantly higher than the rights pricing on a news leak prior to Oct 28, I would say that bad news is on the horizon.  As many have stated in the past that this stock is being manipulated.  FEC wants all the rights and will likely keep the price down so they can take them.  If the price runs, that could mean it is because they let it, which could mean they want to limit their exposure.  Therefore, I hope no leak occurs prior to October 28 so as not to put us in a position to choose whether or not to purchase the rights and provide more uncertainty to us shareholders.  I personally believe this is stock is a winner and am heavily invested so I want to the best results to occur.  GLTA.
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