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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 taalon Dec 05, 2021 7:45am
425 Views
Post# 34199612

Share price

Share price
Well I have to admit that my scenario or calculations were incorrect...I was of the opinion that a push on the share price was obvious prior to us reaching T.D. I was hoping Fronterra or Cgx would have orchastated a promotional campaign of sorts to at least get our share price up to or past the R.O. of $1.63.. This share price as it languishes in this $1.20....$1.30 range to me is absolutely no indication of current statistics with our well.... I suppose there is still sometime for our share price to move but quickly running low on time... Should have realized that this play has Nothing to do with Promotion and everything to do with finding oil.I haven't as of yet sold any shares ...which of course was wanting to minimize my risk prior to any announcements. Looks like myself ...possibly other shareholders Including Fronterra are here till the end...Waited way too long to sell a single share at this level....Truly wish everyone the best of luck in the upcoming weeks.
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