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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. 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

CGX Energy Inc
Bullboard Posts
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Post by Qwerty123456on Nov 29, 2017 1:35pm
217 Views
Post# 27056056

How low does the share price go?

How low does the share price go?Wondering where this stock settles by the end of tax loss selling in late December. Unfortunately this could go to 1 or 2 cents without some positive news or further financial support from Frontera or the banks. 

I think that if CGX management has any credibiltiy that they will support the share price. I could be wrong but other than the chairman's 1 million options I don't think management holds any shares. Can anyone confirm that?

Also wondering where the CEO Dewi Jones has been. You don't see him referenced in any of the CGX press releases and yet as far as I know he is still collecting his $500,000 plus salary a year. Does anyone know what he is working on?

Thanks.

GLTA
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