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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 Qwerty123456on Jan 09, 2020 9:47pm
136 Views
Post# 30537205

Thoughts...

Thoughts...Some good discussion here of late. Positive news release this morning. Sure hope the company follows through on their committments for 2020. I would feel better if someone other than SN were at the helm. As for recent share price agree it should be higher. As for the conspiracy theories on the company or others trying to suppress the share price I suppose it is possible but is not likely what is at play. I think a number of investors have been burned by past pump and dumps schemes plus repeated let downs by management and thus take opportunities to sell when the stock goes up a bit. Most people on the board are waiting for the homerun but keep in mind that many are content to make it to first base and sell for a small profit. GLTA.
Bullboard Posts