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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 Rapsanion Jan 14, 2021 3:08pm
192 Views
Post# 32298783

RE:RE:RE:RE:Re share price

RE:RE:RE:RE:Re share priceWe forget about the other large shareholder .. Japan Drilling.   They own about 14.75M shares (down from their original 16.55M).  So over the years they have offloaded almost 2 millions shares .. a significant influencer for this lightly traded stock.    Perhaps part of their process to recoup money is to sell peridically as the value increases hence we see this "manipulation" but really isn't.   Assuming FEC isn't selling anything... those of us on the board aren't selling..   that doesn't leave much float.
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