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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
Comment by Dave4444on Feb 11, 2019 1:16pm
119 Views
Post# 29347855

RE:RE:RE:RE:This could get ugly, as people

RE:RE:RE:RE:This could get ugly, as peopleNo wonder it is so easy for me to make money off of unusual situations that occur.  Clearly most investors have no idea what they are talking about and rarely take the time to crunch the numbers and do their due diligence.  I like OYL and make a lot of money on similar exploration plays like VLE, AFE and EOG, etc.  But I do not buy shares when there is massive uncertainty as to what the price will do as a result of a rights issue, I sit back and wait.  So I will be sitting back and waiting until the end of March, no time to rush in as drilling is still months away. 
Bullboard Posts