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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 Dec 09, 2021 1:02pm
181 Views
Post# 34215106

RE:RE:One last post

RE:RE:One last post The insiders have millions and millions of shares so I doubt if the news was bad they would slowly be divesting.  It would have to be systematic and all partners would have to be in on it so I dont believe that is the case.  I can buy into the fact that there is manipulation at the individual level and people in the know are buying shares cheap believing (or acually knowing) what is happening on the rig.  Interesting there was a spike in activity around the time we think they may have hit the first zone.  I am all in now, only because I cant get out.  I do believe that we are going to hit the jackpot, however, it is so damn hard to stay the course given the daily bleed.  I keep reminding myself, from here the downside is $1 but upside is $10, so how/why would you get out now?  Especially if we have been here all this time.  This rollercoaster is almost done.  GLTA
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