CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > Off$hore ain't for jr's

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Comment by Coloradobuffon Dec 16, 2021 6:18pm

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Post# 34238810

RE:RE:RE:RE:Off$hore ain't for jr's

Sorry. It seemed obvious but, it's easy for me to say that as I have under 10,000 shares and for me this is a fun gamble.

those that have 100,000 or the poster with 700,000 that's real money and if it's 20-30% of your life savings it could be very stressing and you want to preserve capital. Makes sense, this is an all or nothing IMO. It's not like buying an undervalued tech stock

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