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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 Harel1976on Mar 31, 2022 2:29pm
246 Views
Post# 34564044

RE:RE:RE:RE:RE:Re Harel

RE:RE:RE:RE:RE:Re HarelIf youre in the oil sector from 1998 and this is your knowladge level then sorry but you are not very smart.
If you were to follow my posting you know i posted about the un rational sp of cgx when it had more value then fec at 1.84$ and that i switched to fec at 7$, since then cgx is down 10% and fec is up 100%, and sold!
You would also know that on the update about the active petroleum system when the sp rocketed i explained to the unexperienced investors its a bad result for cgx, and on the results of kawa when the sp jumped to 4$ i wrote that its a non commercial discovery.
All of the above were un popular posts that were followed by abusive comments like yours and all proved correct except the oil quality that results are pending and ill say it again, is 90% non commercial.
You can take out your frustrations on me but the facts are i was right all along.
I have nothing against the cgx investors and i wish wei-1 will be successfull, but i know when im being lied to, and this company is lying in order to survive.

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