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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 Mar 24, 2021 4:00pm
167 Views
Post# 32868650

Re miftee9

Re miftee9
miftee it wasn't those two new hires that manipulated the price down.... When their hire was first announced on Feb 8 the stock price closed at.65 It was probably then or before that the .82 stock option price was negotiated....Cgx...Fronterra knew that they were to announce the extension of Demmarra license and new independent evaluation report only one week later and I'm sure they knew this would spike our share price...which it did.. So probably Fec knew that it would take a little time to gradually manipulate the price down before they could announce the Stock Option Plan...So violla a month or so later we miraculously trade at.82 and the Stock Options are announced....All premeditated...
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