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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 tiger77on Jan 02, 2019 9:14am
244 Views
Post# 29176197

Happy New Years & TSFA Limits

Happy New Years & TSFA Limits

Happy New Years to all the longs, and I also agree that this is going to be the year that we finally have good things happening.  

On a side note I expect some buying to happen with the 6k in TSFA room given for 2019 so let the buying begin.

Also curious how many of you with larger 6 figure positions will be participating in the rights offering as I plan to for sure.  Curious to see if others see the upside as I do as I believe it's only a matter of time before someone else jumps in with CGX/Frontera.  I can't / won't speculate on who it might be as the basin has really heated up and there are a lot of companies that might want in but I do agree with someone else that posted and say that if it is Exxon / Esso / CNOC watch out and would completely change my strategy for this stock with the info they now have to back them up.
 

Cheers and GLTA Longs!

Bullboard Posts