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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 stark15on Dec 22, 2021 12:48pm
176 Views
Post# 34254979

RE:Share price

RE:Share price taal....."at least some of us will have a chance to take some off the table...whether thats a good idea I'm starting to wonder"

Imho, always a good idea to take some profit, but i would add that it depends on factors affecting each of us...each of us has a different,

risk tolerance, amount of shares owned, game plan from the beginning, your goal (no, not just "make money", more specific), confidence etc....

Different investors play it different ways.....

Remember, this share price reached $4.20cdn in the run up to bad news last drill.....where would it have went if it was good news?

Based on everything i know, what i have read, communications with people in the industry not working on this play, the belief that CGX/FEC would not be wasting all this time/effort/$$$$ on a duster and the degree that the technical side has been explained to me.....

I really believe we are in for a BIG to HUGE announcement....there is the potential here (with a possible 3 pay zones) that this may be the biggest find to date in this basin......"the Last Great Oil Play"..... 


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