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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 Coloradobuffon Jan 07, 2022 2:05pm
262 Views
Post# 34293950

RE:RE:RE:KAWA-1

RE:RE:RE:KAWA-1I don't think you are stupid at all. It all comes down to risk tolerance. For example my risk tolerance is less so if I had 700K shares at .50 acb. I would sell 129K shares to get my cost out. I still get to have 571k shares and if it hits 10usd buyout that's 5.71 million vs 7 million. I  get you lose the upside but you now have 350k back to use to average down for the next well if this doesn't hit. I get it though. Thanks for your perspective.  I want it to hit so you can say see, I let it ride and now am even richer lol
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