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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 dragonfly454on Oct 13, 2021 5:50pm
222 Views
Post# 34003061

RE:dragonfly454 - question for you

RE:dragonfly454 - question for youIt's like NFL ..touchdown and a goal kick ..lol it's the nature of prospecting..the bottom of the Santonian is thereabouts at 5500 meters depth yep but we're not there yet so hang on to your sippy cup ...seems like share price also approaching the Santonian today ..probably just a bunch of swing traders catching some juice between 1.17 and 1.25 and then holding for the run up..no harm in that at this stage or the conspiracy could be manipulation just cycling through the same bunch of shares creating an impression of volume and downtrend ...
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