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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 Mat1791on Apr 04, 2023 1:50pm
117 Views
Post# 35379201

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WORLD IS NUTS

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WORLD IS NUTS

Kelvin wrote: Because, Mat, why are we on the sidelines? Why is the sp not $3.50 right now? Sorry man, this lack of info bothers me. Desperately need an official update. I'm reacting more to what's not being said. 


Well, many, like you are unwilling to take on the degree of speculative risk pre-news. 

Kawa is not far enough in the rear view mirror and although a success to a certain degree, the share action may have left many with a foul taste.   Most investors are not patient enough IMO  

So, maybe there are more willing to wait like yourself. With less spec investors, then less build up. 

Therefore I would say the price action is doing exactly what you should expect.

Not moving until news this time, and not an indication of said news...

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