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 > Trading pattern

<< Previous

Bullboard Posts

Next >>

Post by westcanprideon Apr 05, 2022 12:19pm

286 Views

Post# 34577059

Trading pattern

Looks like last March-Early June 2021.... flat as a rock and incredibly low daily volume.

Guess if one is bullish on management pulling out a miracle (JV) and suprises to the upside for once/believes Frontera will convert the loan in July at $3.10 CAD, these price levels are a big gift and one should be loading up big time.

<< Previous

Bullboard Posts

Next >>

Canadian government to fund Electric Royalties portfolio property