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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 westcanprideon May 19, 2021 10:28am
217 Views
Post# 33229491

When will this finally start moving again?

When will this finally start moving again? Ultimate choke-hold on the CGX share price these days. Absolutely no movement, and hell almost no volume either (not even MM are doing anything other than pointless 500 share moves).

Something has to be happening in the background with a potential JV... otherwise why keep super quiet about what will be the biggest drilling campaign in both companies history that is only mere weeks away (not even months or years no more)? And if no JV, its not like the MM are accumulating any real shares when they aren't allowing any share movement in either direction. 
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