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 Ermospon Dec 17, 2021 12:15pm

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Post# 34240996

RE:RE:RE:RE:RE:RE:Re Harel

I think it's reasonable to bring up risk management principles like this. These stock boards all lend towards hyper bullish psychology, and come down on anyone with even a whiff of downside speculation, telling them to get out of the stock. It's classic tribe/cult mentality, if you are not all in, then leave it.

I don't think the geological odds have fundamentally changed based on the vague news release yesterday. It just reset to predrill. However, it did raise a lot more questions about financials and that's gonna limit stock upside till results.

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