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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 Mar 09, 2021 10:56am
341 Views
Post# 32752199

RE:DOG & PONY SHOW

RE:DOG & PONY SHOW
Wish avg was . 30 ! Us longs bought at the beginning at $1 US / share ($1.50 cdn at the time), and that was pre-consolidation so that means we purchased our first shares for about $15 cdn a share.  Yes, I and I think most other longs have brought the average down..  I'm pesonally down to .65 break even .. . and that was mostly due to the .25 rights offering and some purchases at .20.    Now if they come back ask for $1, my guess is you will have less uptake with the amount of shares we are holding, on the other hand, maybe FEC knows this, and if they fully subrcribe it would just mean they would end up more % of CGX then they already do.  
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