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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

Post by Mannyman99on Feb 08, 2021 3:24pm
173 Views
Post# 32503697

Simple maths

Simple maths Let's see what happens guys, idk I think I could see this going towards $2 if it generates more interest strictly due to the fact that oil is going up. Once you add in some DD you see that there is a high potential for investor growth with the licenses they have. I truly believe if we get a couple good news reports going our way cgx can swing at the $2-3dollar level while frontera rises to +$10-15. I think management knows this and is anticipating such a push for cgx cuz it brings in so much money for frontera and makes sense because Guyana is really expected to be the next oil epicentre. Idk I'm taking a rather simple and Wall Street investors take at it. There's a lot of money to be made here ladies and gentlemen let's see what happens. Glta 
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