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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 dragonfly454on Oct 20, 2021 5:17am
245 Views
Post# 34025731

All things being equal

All things being equalTheory of Everything ..I guess FEC prefers $20. Worth of shares at around $1.00 at month's end ..was too early for cFO to know anything of substance,might still be too early as we speak ...so barring an info leak or issues with pressure or some unforeseen issue this here could just be a blip caused by sentiments and not by valid information ...no short is going to hold to the end on this ..the sweet spot to cover is within the next ten days with all the excess shares being sopped up by FEC after rights expire with SP less than Cad 1.63 and those basically off the market there will be an increase in demand as shares become oversold ..I'm sticking with Kawa-1 being just like Maka Central...if you think this is crazy look no further that the Apache build up and rundown prior to discovery announcement..Level up..Courage.
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