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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 Dirksidetrackon Feb 03, 2022 4:42pm
203 Views
Post# 34394942

RE:RE:Meow, meow...dead cat bounce today?

RE:RE:Meow, meow...dead cat bounce today?Ebenizer3, Today I was trying to entice Plainview Oil back into the conversation because he's been materially involved in JVs, resource estimates etc. I wanted to know how this stuff works and what clues we can pick up from sp movements.

My theory is this: Oil companies who have already sorted out the geology in their neck of the woods would want to know what was found on Kawa.

That way they could correlate their info with Kawa info to discover more traps on their blocks and get in on the action on Corentyne. The insiders would know of what contacts were made with De Alba. For example, if the CEO of Exxon phones De Alba what would the sp do? If earth science teams from other oil companies start corraborating with the Kawa team then what would the sp do?

How does all of that work? What's the process? Do agreements have to be made beforehand? Do those agreements have to be publicly disclosed? Like if this sp takes off for no apparent good reason, then is it necessarily pumpers and dumpers or MM's causing it to happen? I don't know, but at this point in time, shorting this stock is really risky IMO.

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