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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 SheDrillson Nov 02, 2021 3:21pm
175 Views
Post# 34078783

RE:RE:Kawa Well

RE:RE:Kawa WellSaving my a$$?  First of all if you're long you're not selling, you're also likely not buying because you're at full position.  No one is saving anyone's a$$.  My comment was directed towards paper handed traders who have no business being in thinly traded spec stocks.  And yes, the Maraj trade is still hurting sentiment.  No new investors have conviction to buy immediately after an insider sells when zero reasons were given for action during what should have been a clearly defined lock up period. It looks shady. Reality is, stocks only go up when people are buying them...reducing that pool hurts existing investors.  People on social media don't realize how many others are creeping their feeds...when the feed signals panic, panic spreads.  It too soon to know the well outcome...the data leak comments are absurd but others not realize that.  Also if the Maraj trade was arbitrarily scheduled a year ago they should have said something about it....instead it's still hanging out there as a concern for new investors.
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