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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 ohcanada17on Dec 24, 2019 10:55am
82 Views
Post# 30487600

RE:RE:Why are we not over $1?

RE:RE:Why are we not over $1?
Devanand1 wrote: I had a feeling that yesterday's announcement would not significantly affcet the stock price. I know other feel that it should have. In my opinion, as long as the management of CGX remains silent, this stock price will remain in the same ballpark. From my perspective, CGX needs to announce  the results of the previously compelete seismic test, or a JV partner or start drilling before we see any action on this share price. External results would not significantly affect CGX share price. I am at a loss as to why the high paying CGX's staff cannot update the market on a regular basis given all the excitement in the market. 


I thought the results of the seismic would not be out until January. 
Possibly Frotera doesn't want CGX managment saying much for now

Bullboard Posts