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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 Investnowpleaseon Mar 03, 2022 12:25pm
402 Views
Post# 34479553

RE:email to CGX

RE:email to CGX

The trouble is they have really boxed themselves into a corner. If its positive they are screwed to holding back information, if negative(which its leaning that way by uding words like 'active hydrocardon system' they are screwed as well. This all started by the release of 'oil on drill stem' comment. They should have never said that, and subsequent new releases should have been more informative. Yesterdays FEC release just compounded the problems. 


As i said before this has not ended. The entire board has openned themselves up legally. Does stop here with CGX but expands to Frontera. 


All they had to do was share the information. 

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