CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > THE CGX JINX

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Comment by NGtraderon Aug 19, 2021 2:58pm

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Post# 33734170

RE:RE:RE:THE CGX JINX

No, but I do look at fundamental data from the EIA. You clearly don't understand drilling economics. You can't price below the cost it takes to get oil of the ground for an extended period of time without damaging long term supplies (google "decline curves"). Did you not seen the huge amount of bankruptcies in the oil/gas sector when crude prices crashed? Stop getting your trading ideas from conspiracy theorists

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How one company is disrupting PoC testing