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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

Post by Harel1976on Nov 02, 2021 12:01pm
156 Views
Post# 34077606

Fec&cgx

Fec&cgxIm not holding cgx atm, moved to fec at the hype, but at 1$ i can see cgx going 4-5 bagger on a strike. Fec is now at years high so if cgx will drop to 1$ ill use it as an option, sell all my fec holdings, take the profit and buy some cgx incase there is a commercial discovery. I dont want any money to be stuck, got ratio petroleum waiting for a cpr and target selection by march (exxon submitted a 12 wells campaign to the guyanese epa), thats a 2 bagger with no risk.
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