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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 Miftee9on Oct 13, 2021 1:02pm
278 Views
Post# 34001682

RE:RE:Getting close to the Pluma & Haimara pay zones...

RE:RE:Getting close to the Pluma & Haimara pay zones...I am a long and am bullish on this stock.  If the price starts to run to a price that is significantly higher than the rights pricing on a news leak prior to Oct 28, I would say that bad news is on the horizon.  As many have stated in the past that this stock is being manipulated.  FEC wants all the rights and will likely keep the price down so they can take them.  If the price runs, that could mean it is because they let it, which could mean they want to limit their exposure.  Therefore, I hope no leak occurs prior to October 28 so as not to put us in a position to choose whether or not to purchase the rights and provide more uncertainty to us shareholders.  I personally believe this is stock is a winner and am heavily invested so I want to the best results to occur.  GLTA.
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