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Bullboard - Stock Discussion Forum CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > ROSE COLOURED GLASSES
View:
Post by firo1988gt on Jan 20, 2022 12:22am

ROSE COLOURED GLASSES

So Frontier has just announced a new well which is a success.  One would think thier stock price should have a remarkable price increase.  Instead it falls by $0.38 a share.  Explain please.  Thanks FIERO1988GT    GLTA
Comment by liquorwolf on Jan 20, 2022 7:15am
the well was a dribbler, nothing big. won't affect their immediate production. now if it was 20,000 bopd, then it would have gushed upwards
Comment by firo1988gt on Jan 20, 2022 8:56am
Ok thanks I did not understand that it was a dribbler.  It now makes sense.  Sure hope after all these many long years our well dose more than dribble.  FIERO  GLTA 
CGX Energy Inc
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