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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 Mar 17, 2022 6:10pm
490 Views
Post# 34523499

Board

Board
Its been a while since I've seen the board this quiet.. The good move on big volume last Thursday to me was a leak of info which we may not see for weeks(cgx is notorious for leaks)and then Friday again on good volume the day traders and flippers were trading hoping to make a quick flip But that was shut down on Friday afternoon..Monday and Tuesday.... Now that most of the flippers and daytraders are aware thats not happening most will let go of thier shares...We will see a slow and steady climb until the release of data or other pending news ...then we shall move again into that $3.00 range.....There will be Many ups and downs but I believe our average price will trend higher... Fronterra keeps raising the R.O.price which to me shows they believe there is tremendous value..
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