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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 westcanprideon Apr 14, 2022 12:38pm
390 Views
Post# 34604201

Best guess: News release early next week

Best guess: News release early next weekLikely Tuesday, or Easter Monday if they want to catch some folks off guard (wouldn't suprise me). 

My reasoning... today's trading is interesting... more trading than normal, and more importantly everytime a big wall gets taken out, a new one magically appears (20-40k at a time)... or stink bids keep appearing. I think the end is nearing to this horrific plunge in share price. Hopefully we get something valuable released. 

I also like Oil Run's reference to the other CGX/Frontera staff. As useless as Suresh and De Alba have been, these other senior technical staff members should also have a spine I hope. You do not go and work for a tiny junior company like CGX (or even Frontera for that matter) without the hope of a massive pay day (something that Guyana offers). If these staff members cannot show courage to speak up and demand better actions/results from senior management, then they deserve to never find work again either IMO. Time for everyone in these two companies to show some resolve and demand better. 
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