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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 Sep 11, 2020 2:49pm
187 Views
Post# 31543948

Bullboard sentiment....

Bullboard sentiment....Certainly have seen a significant change in board member's sentiment towards this stock in the last few weeks. I understand that as postive news is slow in flowing from the company to shareholders and I suspect with a different management team we would be further along than we find ourselves here today. There is also next to zero interest in this stock from a market perspective (likely much more interest in CGX from a JV point of view behind the scenes). Any reasonalbe level of selling would easily push the SP down into the low thirties / high twenties in a heartbeat. Most unfortunate. Today only 340 shares have traded thus far on the TSXV. Wow. My hope was that this mamagement team would have spent more time promoting this stock and its potential resource through the years. Too bad that has not happened. GLTA.
Bullboard Posts