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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 BlackGoldRefineon Nov 03, 2021 12:39pm
305 Views
Post# 34082694

Confused

ConfusedWith much respect to all, I don't understand this board.  It's turned so negative with conspiracy theories, calling out management, guessing at negative price action causes.  Is anyone day trading this?  If you're not, no idea why you would, I don't understand the concerns over daily price action.  It's been said by several and I'll highlight again, you either believe the resource is there or not.  I suspect you got into this opportunity thinking there is a good chance, right? The well will dictate where we end up and that's really it.  Thanks to SheDrills, OCM, Oil Run and even Dragon (When not speaking in riddles no one gets), we get to understand the play and what the odds are.  Their knowledge, coupled with success all around, we know this has a MUCH better chance of success than others.  BUT in the end, it's there or not.  All the rest REALLY IS NOISE.  So why not let them do their thing, our industry folks can help us understand aspects and strike a positive, upbeat vibe.  The price action DOESN'T MATTER (unless you're day trading).  I see we are creeping up, hope that helps the psychology a bit. Cheers!
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