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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 Miftee9on Jan 28, 2022 4:21pm
249 Views
Post# 34373016

RE:Without news next week...

RE:Without news next week...WCP, most of us longs on this board are not selling right now.  If no announcement happens for the next two months and the share price continues to dwindle down to 50c and a press release  comes saying they hit, it will shoot up to $5.  If at that time they announce they missed, it will drop to 20c.  If on Monday Feb 1 they announce they hit it will go to $5 and if they announce they missed it will go to 20c.  In the end it is the same result.  The ones that should be sweating the day to day movements are the day traders.  For most of us longs it truely is a all or nothing scenario so daily moves are irrelevant. JMO.  GLTA
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