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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

Comment by westcanprideon Dec 09, 2020 4:04pm
165 Views
Post# 32070098

RE:WCP

RE:WCPOh yeah waitingstill, I post these comments so that I can pick up cheap shares. Good lord, give yourself a head shake! To suggest my posts hold no value when you have posted nothing but drivel for years is incredibly rich. 

My firm belief that a JV will come along but pay very little for the land acreage is supported by 2020 industry trends. That does not mean I am completely against CGX otherwise I would not be buying more stock. In fact, I continue to buy shares at select times because I still think that JV will happen (though not at the lucrative terms people might be hoping for). Once this happens, the share price will jump. There is nothing crazy about my game plan. 


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