CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > Unbelievable Volume

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Post by westcanprideon Jun 17, 2021 11:52am

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Post# 33404536

Unbelievable Volume

Well over 1 million on all exchanges less than 2.5hrs into trading.

Funny games again though... fantastic purchases in 1000-10,000 blocks all morning and yet the price can be pushed down on 100-500 sells (just like yesterday). With that, I think the current price for the last 1hr hovering in the 1.40s and now 1.30s is just postering to allow the bigger institutions time to continue buying in.... especially on the OTC and non-TSX.

Wouldn't suprise me though if this finishes in the 1.60s-1.70s today and well into $2 tomorrow.

Either way, nice to see the bank account moving up after all these years! Well deserved for everyone on this board.

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