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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 westcanprideon May 09, 2021 11:49am
235 Views
Post# 33161883

RE:my 2 cents *********

RE:my 2 cents *********I sincerely hope you and everyone else on this board that is this incredibly bullish (i.e., high probability Kawa-1 hits commerical oil; Frontera is able to secure a massive JV parnter for little in return, Frontera management being the second coming of Christ who cares deeply about us super minority shareholders, etc) is able to put together a couple more dollars and invest in more CGX shares. To do otherwise would suggest some form of hesistation in the current bullish mindset. 

I am very sincere in this... no one invests in CGX for all these years without taking a massive upfront gamble. If people truly think there is almost no risk into drilling Kawa-1 without a JV parnter, I do hope you get more shares. Its this form of "investing" that makes winners and losers and I do admire it... I really do (as long as you keep more safer investments in Nasdaq/TSX 60 funds and not everything in super risky penny stocks lol). 

My reservation has always been around funding and realistic expectations in the oil and gas business. Guess we will see soon enough. 3Q is raipdly approaching... hopefully this summer is truly one to never forget! 
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