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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 stark15on Jul 27, 2022 12:23pm
295 Views
Post# 34854026

Ermosp

ErmospIt was a HUGE downer when the financial deal was annouced and then they add the Rig delay......imho, that is why the sp did continue upward.....if they had made the announcement and said we are drilling in 3 to 4 weeks, i think u would have seen a different sp reaction.....

get some good news about being debt free then add bad news of a rig delay......u r correct, not cgx's fault but still a HUGE downer.....
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