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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 Dirksidetrackon Oct 20, 2021 10:54am
167 Views
Post# 34026811

RE:CATCH A FALLING

RE:CATCH A FALLINGIf you go back to Dragonfly's posts yesterday he said that they put in a stop at $1which I assume is a buy wall so that any asks less than $1 or less would get settled at $1 preventing the sp to fall below $1. The sp, this morning fell to $1 then started moving up. If there's a buy wall there then the only way to bust it down is to overwhelm it with sell orders. If the people who built the wall have lots of shares to sell at $1 then busting down the wall might be hard to do.

Dragonfly also said that news would be forthcoming soon. Today news is forthcoming. Now Dragonfly has gone to the lagoon and has no internet service. Now what inferences can we draw from the above? Anyway Clouder you are correct in the sense that there's no telling what may happen.

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