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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 Harel1976on Oct 15, 2021 3:14am
245 Views
Post# 34008060

RE:Kawa-1. What is a good result?

RE:Kawa-1. What is a good result?no, only 1b boe is good result..
if the 60% chances for a duster will realise and youll loose all your investment then you wont need to ask if 400m boe is good result..
cgx is the most dangerous stock in the basin, binary event, mc close to a bubble and the most dangerous thing is that most of the posters here dont have a clue what they are getting in to.
yes, i know its one of the most attractive wildcats to be found, im in as well, but sold out all my cgx shares at avg. 1.8$ and moved to fec that at the same time had the same mc but 40000 bopd and 82% exposure to corentyne.
anyone who preffers cgx over fec doesnt have a clue in investing.

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