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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 Mat1791on Dec 13, 2021 5:21pm
255 Views
Post# 34226767

RE:RE:Delay of information thoughts

RE:RE:Delay of information thoughts
Miftee9 wrote: Well, I believe the longer this takes the better it is.  It likely means they found something and are testing it.  They are not going to spend millions on a dry hole for optics sake.  As for FEC slow playing this, does not make sense.  They have millions of shares.  They are not in the business of spending Hundreds of thousands a day to buy a relatively small amount of shares on the market at a $1.  Fact is, we have to wait.  And wait we will.  Until they say they have nothing or they have something we are all stuck.  So I say the longer they take the better it is for us.  Time is money.


FEC is an insider.  Not happening...

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