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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

Post by rhaqqon Feb 01, 2022 12:26am
432 Views
Post# 34383194

This is big

This is bigI am not a pro, but this is big .  the numbers I am getting from the well and using average number this could run up fast, I think we will be triggering the halt breaker a lot this week,  if the stock moves up fast it will trigger a halt,  might happen a few time tomorrow, and all week, oyl and fec are very small companies compared to Exxon,  and the news today is big.  the flow numbers will tell the whole story, and give us a better idea on the value for each company , but until then its hard to tell. the big boys know how big this could be, and if they get involved , like energy etf, and mutual funds, , small cap funds and etf, it could run up fast , I wont be surprise if the big boys aren’t knocking on are door tonight with both companies trying to get in with private placements, and avoid  from buying on the market,  remember the early bird get the worm. the longer they wait the more it will cost. were the new kid on the block so etf and mutual funds do not have us in the portfolio. If this starts to run , the shorts will have too cover and will put more upward pressure. sit tight and buckle up the next few week until we get more numbers, we might be on and ride of our life. 2 too 3 years from now and all goes well we will all be very happy. All the other companies around us are pumping out oil so you have to assume the same will be happening with us. None of the values that people are saying on the board are even close to what it might be 2  too 3 years from now. The next few week it will very speculative buying. Oil is hot right now with short supply for the next few years, and with Russia right now. GLTL
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