CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > CATCH A FALLING

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Comment by Dirksidetrackon Oct 20, 2021 11:12am

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Post# 34026913

RE:RE:RE:CATCH A FALLING

Yeah Dragonfly mentioned that about Apache yesterday as well. Stopped 100 feet above TD and waited. People got nervous and sold. Sp dropped. Shares got scooped up cheap. Then they finished the well and announced a big discovery. Sp went up. Same deal here maybe. Only under different circumstances but same dynamic. Playing expectations. Fear and greed. Intetesting day.

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