CGX Energy Inc V.OYL

Energy Conference

[dragonfly454]

https://guyanaenergy.gy/about/

Yep it seems CGX will showcase and make key announcements here.

Apologies to the poster that I had chastised ....

I am hearing that there is/was  some recent directional drilling to North in Kawa ok not sure ..to establish some key aspect of the target ..like a correction ? 

what you say Dirk ?

Anyways the Guyanan Govt is treating this as the real deal..

https://www.kaieteurnewsonline.com/2022/02/04/govt-to-improve-psa-for-cgxs-latest-discovery/

[Dirksidetrack]

F'n A Jack, it's the real deal. When the president of Guyana, no less, says that "CGX found oil". How would he know that without actual formation fluid samples? Yeah they got petroleum as defined by a liquid mixture of hydrocarbons that is present in certain rock strata and can be extracted and refined to produce fuels including gasoline, kerosene, and diesel oil.

[ljmorin]

For sure, Him already talking about re-calibrating the Royalty Structure says it all really about the commercial viability of the find and what KWA1 unlocked as well.

[RightAngle45]

Another event to happen that will be a very positive event is when they get a listing, on the TSX  This is when the institutional investors will kick in. IMO

[TraderRJS]

I'm not familiar with the TSX since I'm in the US. I'm assuming it's the regular Canadian exchange similar to the Nasdaq, or NYSE here. CGXEF is on the OTC here, does anybody know if they would uplist to one of the US main exchanges or just stay OTC in the US? 

[Dirksidetrack]

Canadian ventures exchange where cgx is listed now is like a minor league baseball team in American context. TSX is major leagues. The New York Yankees etc.

[RightAngle45]

The TSX is like the NYSE, and i dont see them listing on anything more than the Nasdaq in the US . IMO  

[tiger77]

I believe the stock would need to be above $2 CDN to even apply to be listed in the big leagues in the US.  If that were to happen we would all move under 1 ticker likely in USD and would open CGX up to huge possibilities.  Until very recently we could never even entertain that but hopefully that is all part of the master plan for bigger exposure! GLTA

[TraderRJS]

Thanks guys. Even the possibility, which I agree wasn't an option only 30 days ago, holds lots of exciting prospects for us. It would be nice to be on a US exchange for all of the institutional exposure. We currently have none I could find but there has to be some out there, I just don't see it listed in places like Yahoo finance. 

[steamfitter]

A great place to let news out. Let all the experts know what they have found. More could happen tomorrow and they will not care because the market is closed and will not have to say anything till before opening Monday. Good luck to all

[Dirksidetrack]

Yep Lj, he knows that they got an oilfield there. Thanks to you guys. Congrats!