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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 10:40pm
173 Views
Post# 34080425

RE:RE:Vergatario

RE:RE:VergatarioIf Kawa is a huge success you're going to see it on Business Week and Bloomberg...both publications already listed Frontera as a top 10 stock to watch in Q4 based on this catalyst and CGXEF rides those headlines as the operator.  One stock shouldn't boom without the other, it would be seen as an arbitrage opportunity.

De Alba already stuck Frontera's neck out just by adding to his position and going it alone w/out a larger partner.  I believe this was done out of greed and confidence but he was wrong, it's going to hurt the sentiment for Frontera which already trades at a large discount to Parex.
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