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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 Harel1976on Mar 23, 2022 4:35am
323 Views
Post# 34536685

RE:RE:RE re Share price

RE:RE:RE re Share pricegood news in regard to the quality and economics of the santonian layers liquids can easily double or triple the share price, bad news on the other hand can crash the sp.
im not so optimistic because when the oil is of good quality no need for all these lab work, never encountered a case of lab analysis that came back as good quality oil.
but dont worry, if its bad news they will not release the news but keep "analysing" cause they need to show the market they are doing well in order to finance the next well, so maby in that case the no news is the better option.
this company is so flexible when it comes to throwing sand in the eyes of its investors, i like the most the new term "finders well", that makes a non commercial result sound very attractive..
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