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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 stark15on Jul 11, 2021 4:20pm
238 Views
Post# 33528009

RE:No worries

RE:No worries Mannyman, i dont know how long u have been in the stock but u r repeating what us "dinosaurs" have known all along, lol, but u have it right.....Who could of imagine the hurdles this company would encounter along the way to our waiting the pot of gold.  Gunboats, ITLOS award, 2008 global meltdown, dry hole drilling, share consolidation, Pacific Rubiales changing names not knowing who they are, then COVID.....i mean WTF, could anyone have predicted this roller coaster ride?


For myself, i have taken some profit but have added many more shares at lower prices and i, like many, took FULL advantage of the rights offering a few years ago.


I've ALWAYS known that CGX would remain a separate entity, ALWAYS (this is what Frank & others DO NOT GET) they think its business as usual, ITS NOT ....their connection to the government is too strong (not just some share holders, directly/indirectly but other connections like CGX paying for the ITLOS lawyers).....this connection guarantee's cgx share holders will be paid off one way or another, imho.....


I will research this more and post if/when i find it, but i recall reading that in a Frontera/CGX press release that CGX would remain a 'separate company" (a few years ago).  
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