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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 Phantombloggeron Jun 25, 2021 12:17pm
260 Views
Post# 33450698

RE:i own both...lol

RE:i own both...lolYou need to put on your thinking cap on!
When CGX goes to $20, very much like GME, we can also raise lots of cash. CGX does not have debt as far as I know; they're strapped for cash.
Sitting on tons of oil, means something! It's all about raising the cash.
If GME can do it, then so can we.
What's so hard for you to see?
If GME, AMC can raise cash, so can we. In fact, the moment we hit $20, a smart board can raise tons of cash.
XOM has vast debt, where did they get the money to contract all those sub services. Same for all the majors.
Governments had to finance airlines during the pandemic; why? because they were swamped with loans and debt.
Does it not strike you that we, CGX, do not have any debt?
Look here man, wake up!
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