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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 CLOUDERon Nov 23, 2021 11:47am
273 Views
Post# 34157338

OIL and GAS

OIL and GASHAVE corrected and now have turned the corner.  you can`t get a better time for CGX to hit a discovery.  TIMING IS EVERY THING.                                                                                                                                  PS, YES   a little more patience.  soon  real soon. to much has been invested by FEC to let this go if no hit ,a 70% chance of major oil here or any of the other targets in this area,     no  this will not be a 30 cents to know were my friends,  a hit and CGX is a $10+ stock in a day, a miss and we resete to the next well  spud in early JAN.    is my take.
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