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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 Feb 03, 2022 4:42pm
180 Views
Post# 34394942

RE:RE:Meow, meow...dead cat bounce today?

RE:RE:Meow, meow...dead cat bounce today?Ebenizer3, Today I was trying to entice Plainview Oil back into the conversation because he's been materially involved in JVs, resource estimates etc. I wanted to know how this stuff works and what clues we can pick up from sp movements.

My theory is this: Oil companies who have already sorted out the geology in their neck of the woods would want to know what was found on Kawa.

That way they could correlate their info with Kawa info to discover more traps on their blocks and get in on the action on Corentyne. The insiders would know of what contacts were made with De Alba. For example, if the CEO of Exxon phones De Alba what would the sp do? If earth science teams from other oil companies start corraborating with the Kawa team then what would the sp do?

How does all of that work? What's the process? Do agreements have to be made beforehand? Do those agreements have to be publicly disclosed? Like if this sp takes off for no apparent good reason, then is it necessarily pumpers and dumpers or MM's causing it to happen? I don't know, but at this point in time, shorting this stock is really risky IMO.

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