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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 taalon Feb 25, 2022 2:41pm
393 Views
Post# 34462588

Re something coming

Re something coming
Personally I don't think there is a R.O. or a P.P. Fronterra has never done a PP in the past and now that they have found oil(if in fact it is good quality oil) they are not giving shares away to the public at this price...A R.O. to existing shareholders and themselves....possibly... If they have good quality oil I can't for the life of me see how they can not attract a Major for a J.V....As far as the share price is concerned ....they have been in control of the share price ..as long as I have been a shareholder...and thats a Long time...They don't seem to show thier hand other than an hr or so before a news release or a flurry at end of day if announcement comes after hours....God luck All
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