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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 stark15on Jul 02, 2021 8:45am
213 Views
Post# 33481116

** look forward, not back ****

** look forward, not back ****Imho, ALOT of wasted energy being used hammering Suresh and cgx management.....we've all known for years how substandard they are...BUT, luckily for us, they are not running the show and haven't been for sometime now (they may be used as puppets, like at the AGM but my guess is they have little say in ops decisions)....that is why we are making progress! DeAlba & co are leading the way! Oldcompanyman & Oilrun have given solid evidence that DeAlba has surrounded himself with a elite supporting cast.....we cannot ask for much more, we are headed in the right direction.....this stock reached $4+ the last time we drilled, but under MUCH different and less favorable circumstances! Imho, we will reach that now, and more! Lets concentrate on where we are going and not stress about where we've been, its not going to be a straight line up but the ride is gonna be great!! I've read in several articles that the Guyana basin might just be the last great oil find we will see in our lifetimes.....and to think we might just be "drilling among the GIANTS" as Oilrun put it is......well.....AMAZING! For us longs its been mostly a ride of painful frustration and anger....but we have ALWAYS known what we have, HUGE POTENTIAL....and now the time we realize that potential is at hand!! GLTA
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