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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 dragonfly454on Dec 15, 2021 8:24pm
265 Views
Post# 34235111

Looking like Jonestown

Looking like Jonestown Up in here..sorry dudes ..Clouder lost your Gonads ? I'm holding...I've gotta hear it from the horse's mouth even if the horse is a Broke Back Mountain reject that moonlights with the RCMP...no explanations for this retreat except that it's mid-month and no NR so fear has overtaken rational thinking and each of us has our own thresholds for risk..at this time there is no hypocrisy just survival instincts kicking in ...I know I have been drumming this to hell and back and have offered my opinions and caveats whenever necessary now I'm wondering if we have witnessed the leak of negative information happen in slow motion...but I have to put everything into perspective..how much SP has fallen,how many shares in float,the fact that there is no shortage of buyers at the 70 cents US zone ...the fact that FEC which has significant exposure is riding this meltdown pretty much unscathed today ..I'm seeing that persons with a lower appetite for risk are probably just buying into FEC hoping that good Q4 can offset negative Kawa and they can keep a foot in Kawa still at this stage ..looks like a lot of shorting probably going on as well for OYL right now don't have exact figure.IMO this is going just like Maka Central that's why I'm holding..the silence is taking a toll but what else can you expect from a tight hole scenario..at this stage a really negative leak would have this smoldering at US$0.25 with low volume ...I'm still seeing value and possibility of success.. Question : What is an analog well? What is the the nearest analog well? What happened there 2 years ago? Since Rights Offering about 30-45 million traded? that may very well correspond to profit taking by the extremely long sleepers who have aged from 45 to 66 from 2000 to 2021 ...plus the SheDrills army of rabid apes exiting after a failed strategy to create a significant run up ..so for the few that remain optimistic hang in ...Tiger let's have an update on rig position we know u get the satellite full coverage
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