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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 westcanprideon Aug 27, 2020 10:46am
146 Views
Post# 31460176

RE:Level 2 Quote

RE:Level 2 QuoteWhat a tight float outstanding with an incredible spread. Not even $50,000 CAD worth of shares up for ask at the moment. An even lower amount on the bid to the downside. Obviously, if things did move, I am sure banks (like RBC) would release more shares to keep the price down (like they have done over the past week and over the past year with great ease). Guess if folks wanted more shares (like 5,000-10,000 chunks), its still there for the taking at mid to high .50s...which really is nothing if we truly think the share price is about to explode upwards. 

Let's just hope the new government does not screw up a good thing they have with Exxon right now. Waitingstill was right... without Exxon taking risks to drill, and ultimately find oil, Guyana would have absolutely nothing. They deserve a good deal to produce to some of this oil. Devanand1 is aso right in that nothing will happen to CGX/Frontera until the Exxon matter gets resolved. Hopefully it can all resolve itself sonner than later. 
Bullboard Posts