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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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Post by taalon Mar 10, 2022 12:07pm
235 Views
Post# 34503384

Share price

Share price
In the big scope of things I am happy we are at this juncture as far as drilling and our discovery...That was a big commitment by Fronterra to dish out that kind of money on an exploratiin well...knowing there most likely would be cost over runs...After the announcement of that discovery our share price stayed in that $2.85...$3.50 range and it looked like we had a good solid base around that $2.85.... Then that Carefully and deliberately worded news release on Mar 3... I am convinced that the news release was Intentional in order for someone (most likely Catalyst) to pick up cheap shares...This kind of thing happens All the time...If we do get a good and Positive news release on Data or JV and share price goes back up over $3.00 ..Unfortunately all of us shareholders will completely forget about this Fraudulent manipulation....Markets are Always rigged for Insiders and Big money.....
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