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.

TSXV:OYL - Post by User

CGX Energy Inc

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Post by savyrolleron Jun 29, 2020 1:11pm

101 Views

Post# 31203757

Whats next.

To me it looks like a share consolidation coming up. I sure hope I am wrong but that is what I believe. I have been invested in this stock for ten years now, and I know that is half as long as a lot of people on this board. Will they even drill in 2021 ? Their siesmic data must have been interpreted by now. Will they sell before they ever get their ducks in a row to drill ?
So much potential, with very little management. Although I have owned this stock for ten plus years I havent posted too much just reading other comments, and there are alot of knowledgeable posters on this board with informative posts.
Anyway I will stick it out until the end of this year and see what happens . GLTA

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