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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 taalon Feb 18, 2022 9:16pm
299 Views
Post# 34443999

Re Wcp

Re Wcp
First off I have Never in any of my post said that cgx would go to plus 5 or 10 or $15.... I have also never said that DeAlba was the be all and end all ...only that his interests were aligned with ours and that I m sure he was doing his Best to get the most lucrative deal for Cgx... When cgx was drilling your narrative was ...if they don't find commercial oil ...Cgx is Finished as we know it...then after they hit oil ...How is cgx going to come up with $200million to pay for thier share and port...Then if there is no JV and Fronterra has to front the money ...the SP will tank... Patience Wcp these things take time and as you know CGX is not forthcoming with Informing shareholders...Almost all your posts are riddled with fear and doubt..Do you actually think that most of the shareholders on this board are not aware of the pitfalls... Of course we are....We've known these risks for many many years...but here we are with a commercial find and hopefully the details will be known soon enough Hoping you are still a shareholder and we all come out of this in good shape...GLTA
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