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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 Investnowpleaseon Jan 25, 2022 2:30pm
139 Views
Post# 34359089

RE:RE:RE:RE:RE:CGX owners should not panic

RE:RE:RE:RE:RE:CGX owners should not panic<p> Yes a certain amount of anger in his posts. Everyone is entitled to there opinion. Dont get into those conversations and not interested in fanning them.&nbsp;</p> <p> <br /> just made a post for conversation. As i said this is very intriguing. &nbsp;Sort of like putting a 1000 on Red in vegas. &nbsp; I prefer to make bets on stocks. Oil and gas has a huge upside still to be made. There are many ither CDN oil stocks that are safer and comprise my portfolio. This one warrants a bet in Vegas. The real wuestion is if its a successful well what is the upside in the stock? &nbsp;And as i said a multinational will pay big to develop a sizable resource like this bas the potential of being along with the additional lands that they own. &nbsp;Guyana is also a very stable country by south american standards. Im also sure corruption will follow as it unfortunately always does. Its just the level of it.&nbsp;</p>
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