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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 Mannyman99on Aug 23, 2021 6:54pm
264 Views
Post# 33752763

RE:RE:Risk

RE:RE:RiskImho this stock is $20 long only if everything goes perfectly as planned with the port (even marketing which is a subject that cgx is haunted by), all the drills are uberly successful etc. In 2-3 years and if oil price rises or atleast maintains why not can this pony not get into the 20s haha. As for a more realistic approach I think it wouldn't be too out of the ballpark to think this can be a RECO type play in that in the run up to TD it gets some positive LEAKS so it gets to around $5-6 and then on a successful Kawa-1 drill runs up to $10+ plus. WHY NOT. I hope the new readers on this forum really take this serious and hop on while the time is right. Y'all wanted to hear some nice numbers right. I'll be on the brighter side of the grass, ive planned my hedging according. GLTA 

MannyMan ;) 
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