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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 soulfireon Jul 29, 2021 6:59am
234 Views
Post# 33619763

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Here we go!!!

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Here we go!!!AnMar that's a valid point.
Given what I know now and having been through hell for the past 18 years I would never invest in another company such as CGX.But....many of us has had our hands tied for years.
Having said that I do believe in the CGX prospects, they will hit big so I'll hang in for now.
I agree Frontera is greedy and will swallow up some more of CGX for pennies. However we will drill and I expect a positive outcome.
This thing can fly....just look at last month, but honestly it is being held back for some reasons which have been speculated on this board. We will know soon, maybe tomorrow after close. The rig might be headed to Guyana by this weekend which will take about 3 days and then one day to spud. So I expect a spud window of August 5th - 7th.
One way or another we will find out.
GLTA
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