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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 edmedon Jul 02, 2021 10:07am
220 Views
Post# 33481503

RE:Share Price

RE:Share Price
After years in stocks This looks like more than backfilling Have seen this before Usually happens when management makes a deal with a major that benefits the Board and screws shareholders Took out all my money on the run up Just kept my profits invested to see this through to the end Have no risk here Been disappointed by this company too many times over the last 10 years to put any kind of trust in this There is no sure thing here no matter how good the story is Jmho edmed
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