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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 15, 2021 2:32pm
224 Views
Post# 34233914

RE:Looks like kawa is not commercial

RE:Looks like kawa is not commercialThat is a bold prediction.  You are like the rest of the market, no information means bad news. I am not saying you are wrong but what if they had a delay for some reason and have not hit the primary target yet?  I think that is what happened to Apache.   What if they hit the primary target and it is so huge that they are taking their time to test and provide an excellent news release.  We don't know.  But answer me this, why would the rig still be there if they hit a duster?  Human nature to think the worst so if it actually does happen you somehow feel that you were prepared for the news.  Not true.  You will still be devastated regardless if you believe it is a duster or not.  I happen to think the opposite.  The longer they take means the more liklihood they have something.  You can be positive or negative.  I choose positive until i hear otherwise.  Downside 88c upside multiple $'s.  Enough to keep me in.  GLTA
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