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 > What is the game?

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Post by Phantombloggeron Jan 27, 2022 4:25pm

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Post# 34368544

What is the game?

Is it a brutal day for our OYL?
It is unfathomable that we're still drilling "metallic rock" to get to TD!
The only thing I can see in my mind, is negotiations over pricing; i.e. testing samples, etc etc. bargaining ...
I DO KNOW that when you work for a company and are busy 24/7, Share Prices of your company may not be at the top of your list.
This kind of scenario can lead to loose and shaky hands for Penny traders as well as Longs. Hold Strong. Don't give away your shares, it's been building a base up here!
Stocks don't lie! lol
GLTA Phantom

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