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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 Ermospon Apr 25, 2022 11:09am
254 Views
Post# 34628938

RE:RE:RE:RE:News to Come...

RE:RE:RE:RE:News to Come...

All cgx investors should care about is Wei? There is $100M of potential dilute between here and Wei.


People overindex here on the geology. This company is in the doghouse because no one can have any realistic idea of the financial situation of the stock. The dilute could be at $.50. No one has any clue

Plus, they need to just come out and admit they fed up Kawa - $120M and no MDT, no cores. It happens, but a junior can't afford this sort of miss. That's what the superstar drill team was supposed to avoid. That's another reason people don't believe they're worth what they have said they are.

 

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