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 > Re Harel

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Comment by Mat1791on Dec 17, 2021 9:19am

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Post# 34240027

RE:RE:RE:RE:Re Harel

Harel1976 wrote: I got burned very hard in the past and dont want it to happen to others so when i see the same upside with much less risk i point it out, thats it.

Fair enough...

Others don't see it quite the same. Ultimately, success/reward will make it's way into both company's stock valuation, but the timing of that value may be quite different.

IMO, a good result could effect CGX quicker than it bakes into FEC. So, perhaps the play is to capture the quicker bounce and then change players?

Double dip??

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