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

<< Previous

Bullboard Posts

Next >>

Post by AnMaron Dec 04, 2020 11:59am

176 Views

Post# 32037369

RECO - SELL 25%

For those of you who bought into RECO when I suggested, it is now time to let 25% of your holdings in RECO go. You will by now have ~140% profit so we will let 25% go as I said last time. The price of oil continues to go up and the outlook for next year is that oil will likely be around $60/barrel so there is still more upside before they spud, we will let another 25% go around spud time.

Cheers and hope you made some money.

<< Previous

Bullboard Posts

Next >>

Sirios Resource discovers visible gold in Quebec