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.

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CGX Energy Inc

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Comment by madmike0on Jul 11, 2019 11:30am

88 Views

Post# 29908675

RE:RE:RE:RE:RE:OIL PRICES

soulfire wrote: There are many reasons why someone would want to opt out of any stock, but to sell at 32.5c is ridiculous. Could be it was manipulated down to shake out a few more shares. On the bright side it was obviously bought by someone else. GLTA

No manipulation, someone had a "market order" to sell 130,000 shares @ 10:27am and it filled all the bids until they were gone. Some lucky swine was filled @.325. Once the shares were gone it started trading "naturally" and recouped 1/2 of the loss. Nothing nefarious about it.

Mike

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