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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 Frank007on Mar 28, 2023 6:29pm
354 Views
Post# 35365678

New math …..

New math …..I am pretty sure there already is a discovery.   .....just by the way the shares are trading ....evaluation of reservoir volume takes time ....10 for 1 ..is about right for share price today ...it will take several years before a single $ is made from this sight ....where do you think cgx will get $ to make it through that time frame ...frontera on the other hand ..capital costs will go to ne'er zero .. cash flow will just keep rolling along ...I estimate frontera can  buy back the Swiss debt. @ $ .90  on the dollar  ..as was stated in the Bogot meeting that alone nets the company  16%.   I think Frontera should move closer to its book value of $25.      Cgx should trade  around where it is maybe up to 2.   ...hoping for more but still think the big boys   Goldman and. Morgan Stanley invest in cash flow company's 
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