CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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

CGX Energy Inc > ATH 1.300.000.000 BARRELS OF OIL RESERVES

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Comment by ThosAquinason Mar 08, 2022 2:24pm

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Post# 34496449

RE:ATH 1.300.000.000 BARRELS OF OIL RESERVES

Cardinal Energy (CJ) is already a 20+ bagger from the lows mid-Nov 2020, with plenty of room to run. Gear Energy (GXE) is a 9+ bagger and Baytex (BTE) is a 12+ bagger in the same time frame.

OYL is fun but it doesn't qualify as 'investing'; I don't see any payback for effort, anxiety and worry.
The CGX story is great and it just gets better. I'm enjoying the plot twists and I'm looking forward to the port business unfolding.

...just a thought.

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