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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 tiger77on Jan 05, 2022 8:57am
211 Views
Post# 34284447

RE:RE:Wow

RE:RE:Wow

SportyJ, when the big money (funds, oil producing money) comes in those are the guys that will happily carry the next leg of the journey from those of us that want to trim or sell.  Firms, funds or investors that are buying into a producer or big reserves aren't in it for a few cents here and there they are here for the long haul, dividends or major dollars.  They aren't severe risk folks like we are here as they'd be buying into a REAL company at that point so I'm not worried about the fire alarm going off and 1 exit door so to speak.  Yes there are a lot of us right here on SH that I know for a fact own many, many millions of shares but not all of us are going to want out, or to trim at all and some of us will want to hang with the big boys if they turns out to be the giant we are all hoping for!

GLTA the longs.  I'm having a hard time sleeping with anticipation so hoping we are almost there now anytime.
 

Cheers,
 

Tiger77

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