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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 westcanprideon Jul 27, 2021 12:27pm
281 Views
Post# 33610479

RE:Here we go!!!

RE:Here we go!!!So much for yesterday's bump... back down to $1.64, thereby completely eliminating the gains seen. On considerably less volume no less. Yesterday's gains, in combination with last week's rise, should have easily pushed us above $2 today. Something does not make sense (albeit when does it with CGX?), especially considering we are literal days from spud. 

I genuinely think Frontera is upset they will probably have to pay a premium for extra CGX shares to fund the rest of Kawa-1 compared to what they paid in April and thus are doing everything in their power to keep the price as low as possible right now.  





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