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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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Bullboard Posts
Post by Formulatoron Sep 10, 2013 7:25pm
309 Views
Post# 21731086

No buying support at all

No buying support at all
on the other hand, check out HDY, inching up as they get closer to the drill. 

For CGX,  I see panic selling, no buyers and as a result, the price drops like a rock.   Everytime the stock tries to climb up, we get market sells.   buyers are scared to put any new money in.

Management needs to do something,  this deafly silence is making matters worst.  PRE also completely stopped buying since end of August.  How could things change so drastically in such a short period of time?  did something happen?  

cannot even sell at this stage...... going to live with the pain
Bullboard Posts