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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 taalon Feb 11, 2021 6:05pm
209 Views
Post# 32547610

share price

share price
I must say I am very encouraged at how our stock is trading.Not so long ago we were in the high 40s to low 50s.now we have moved into the sixties....high sixties at that and are holding nicely....I believe we will Not follow the same trading patterns of the past ...where the price spikes only to come back down...We are moving methodically higher and with every gain in share price we hold ..with very little downward pressure...I was a bit concerned when a few posters were worried of a PP at .50 because of it being held at that price...I think we can forget that theory...thank God...I think there will be a slow and steady upward trend until news breaks then we sit at a different level and hold until more news....We all know what's coming and its ALL GOOD GLTA
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