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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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

CGX Energy Inc > News Release Thoughts
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Comment by docsdrillers1on Dec 16, 2021 2:16pm
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Post# 34237816

RE:RE:RE:RE:News Release Thoughts

RE:RE:RE:RE:News Release ThoughtsDefinitely feeling a bit better with the News release..not sure what we can safely glean from it but at least we know they have several weeksa left to drill..i agree that if it was a duster they would have moved on by now.

Seems now that FEC knows CGX has to raise more monies they once again are in a conflict of interest situation..Someone is still holding the price down which is better for FEC..the higher the price the less dilution occurs on CGX shares.

If they do find a commercial find why can't CGX borrow agains that potential Revenue source rather than dillute further..

After 22 years what is another few weeks..we are all Waiting sSill now...
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