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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 Jun 01, 2022 3:50pm
298 Views
Post# 34724383

RE:RE:RE:RE:A G M

RE:RE:RE:RE:A G Ma2bman, Oh ffs! Everybody knows that companies raise cash in only 3 ways. They either earn it, borrow it or sell shares. So why can't oyl earn it by selling interest in Corentyne? And why does it have to be a JV between other oil companies? Why not some arrangement between exporters of plantains from Venezuela and Colombia and exporters of noodles in China who have money saved in bitcoins?

You obviously didn't read the BIS Quarterly Report that I mentioned. There's trillions of dollars out there not sitting in bank or investment accounts. Yeah go on with your traditional funding mechanisms mind block. But the world has changed. Oyl finds oil, then this stock will soar. So the bet now is if they will find enough commercial oil on Wei? Maybe quit trashing Dfly. So the bet is really on whether oyl has got the talent to find and develop oil. I happen to know that they just drilled the most technically challenging well on the planet offshore Guyana. Yeah they can drill them and they got the best of the best in Mr. Durkee to develop them. As for the money? It's already there.

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