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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 Oct 15, 2021 6:41pm
200 Views
Post# 34012410

RE:RE:RE:Flurry of Slurry

RE:RE:RE:Flurry of Slurry I follow marketwarch to get info on the public float. Before spud it was around 58 million. It gradually went up to 86.3 million. Now down to just over 80 million. Marketwatch seems to update public float info on a weekly basis. Should I be relying on this? If it's reliable then somebody already sold over 24 million shares into the public markets since spud. Maybe JDC as you previously mentioned and/or the Chinese seismic company?

Anyway I hope that fec monetizes some of their shares to raise much needed cash. Gotta drill Demerara and build the port. Plus hopefully produce Kawa. Here's the link that I use. If anybody has better sources then I sure would appreciate sharing them: https://www.marketwatch.com/investing/stock/cgxef

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