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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 YancyDerringeron Mar 04, 2022 7:40am
241 Views
Post# 34482207

I think some of you give...

I think some of you give...them too little credit. They are not poor managers. They are manipulating this stock with precision. I expect to see an announcement in 2-4 weeks on the final results of this testing. They found something early on and the plan began on how to buy out the remaining 49 million outstanding shares to own and take the company private. If we are lucky , and I don't depend on the kindness of strangers especially these people, we may get $3 US,  However that may be too much to wish for, more like $1.50-$2.00 US. FEC is going to take CGX's place in the eyes of the people and government. YD
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