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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 tiger77on Sep 08, 2021 12:17pm
169 Views
Post# 33825051

RE:Coming Months

RE:Coming Months

I've taken my very large investment out so that I'm at par after many, many years and will be letting my large remaining shares ride well into the 6 digits for these reasons below. 

- I believe they are drilling in line with all the other major discoveries
- Have attracted some of the top talent in the world to come for this and these folks are smart
- COS is very high on this
- Large pools of oil they are targeting 

When I factor all of these things in I then further analyze it and do analysis of if I cashed out today times my shares would it change my life.  The answer is it is a lot of money if I cashed out today but it wouldn't change my life.  It would be a huge chunk off my mortgage which is amazing but would still have one.  If I let it all ride, have already taken out my initial investment and they gain a large partner and hit oil this thing goes to $15 - $30 that is life changing based on the amount of shares I have.

Yes I have more risk tolerance than a lot of people but I also have all of my shares back to the $0.10 days all in my TSFA so no taxes so a bit hit and it's all free and clear.  If I manage that properly that is tax free for the rest of my life so all of these things for me equals worth the gamble.

I also believe when you do a comparison to the lottery vs this the odds are so in my favor it isn't funny.  The winfall is about the same for me based on my shares but my odds are like 1 in 2 vs 1 in 13,983,816 for lotto 6/49.  I will NEVER have this opportunity again so I'm taking it.

If I hadn't have taken out my initial investment my strategy would be different but I think we are due here, and I think we are in the same line as all the other hits.  I also think CGX has a large JV lined up (if) they hit oil just like Apache did so fingers crossed, but cheeks clenched but I'm rolling the dice for all of these reasons I mentioned above.

If things don't go our way will I be upset I squandered hundreds of thousands away yes but it doesn't change my life as I never actually had it. 

Just my thoughts on the matter at hand but respect everyone for how they are going to play things but this is my thought process.

GLTA and here's hoping!

Tiger! 

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