Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Mannyman99on Dec 02, 2020 1:29pm
129 Views
Post# 32018933

RE:RE:RE:RE:Concerns

RE:RE:RE:RE:Concerns

Honestly, IMHO I don't think it's a big problem we're not releasing seismic results yet due to the fact that oil is still low. However we do have another year, and if oil price is one of our concerns on whether cgx not getting the money they deserve for their land OR they might have to give up too much of a working interest in order to progress with drilling then I must inform you guys fear not. Oil prices will see a huge surge post Christmas and there's going to be a huge demand turnover for it meaning the price is going to sky rocket past previous levels by March/May'ish. AND THEN boom you release seismic results and sit back and laugh at the stock price grow and the investor interest/$$$ climb up with it. I think we need to trust Suresh and De Alba a little more, this is a big waiting game, but I still believe we're sitting on gold. Cgx will get its money from the stock price and I think that's their plan so let's see how they roll these dice. 


GLTA, and I am hoping to see what you guys think of this. 

<< Previous
Bullboard Posts
Next >>