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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 docsdrillers1on Jun 23, 2021 5:03pm
322 Views
Post# 33436155

Been with you guys since Pre Boat

Been with you guys since Pre Boat Happy to see we are hopefully finally getting rewarded for our patience.

What other idiots stick around a stock for close to twenty years..i certainly want the movie rights.!!

Have far fewer shares than i had before because of that nasty 10;1 reverse split..but i may get the last laugh on Revenue Canada since most of my shares are in my TFSA..tax free money..woohoo.

I doubled my shares with the rights offering and kept wanting to add more..then i saw it take off to 1.75 and then fall rapidly back down and i thought..yep been through this before and never bought more in at.30.

But about a week plus ago i added a whole wack at .90 and i'm in for the long ride..go big or go home..no longer life altering but if we hit or get bought out i'll be ahappy guy for all of us shareholders.
Not to be negative but just asking for your opinions..we've come out dry before and yes i know it's vastly derisked and better technology..is this a one trick pony in case we come up dry again or is there enough value for the second well,all their leases and the future Port value to stick around even longer?

Good luck to all the very very long longs!!!
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