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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 Rapsanion Jun 24, 2021 3:23pm
166 Views
Post# 33445275

RE:RE:Canaccord will knock the price down

RE:RE:Canaccord will knock the price down
Just hope its not Da Alba selling his! (as of today Sedi shows no selling)

I wouldn't be surprised if it's Japan Drilling.. they had about 14.5 Million shares as fo Q1 2019, but then with the rights offering, they were no longer an insider becuase their share was less then 10%.  However, you can see on SEDI they were selling every couple of weeks a few thousand shares .. assuming they've been doing the same practice past 2 years it could explain the "manipulation".  

Their site doesn't have updated financial investment information, so I completed a form asking if they still own shares and if so, how many.
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