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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 Mbxwatcheron Jan 08, 2024 12:42pm
259 Views
Post# 35815860

RE:RE:RE:Farm in

RE:RE:RE:Farm in Sporty, I hope you are right.

At them moment it is easy to see personally, that when i made the decision to hold no matter what, I was incorrect.   For a company that found oil twice, in the "best" basin in the world to lose 80% of its value is criminal.........but their lack of money, incestuous relationship with Frontera, and world class fumbles on the PR side lead us to where we are.

I cant help but think we are being set up...........they get a farm in deal, CGX gets  hosed one final time, and shareholders are relieved to get out at a price that they would have balked at only three months ago.

And this, is maybe a best case scenario......

Oh well I stated i was in till the end, so this is what it cost
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