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 > Since March 1

<< Previous

Bullboard Posts

Next >>

Post by westcanprideon Jun 17, 2022 11:15am

294 Views

Post# 34764489

Since March 1

CGX is down ~60%! Or in other words, CGX would need to see ~260% price gain now to get back to $3 CAD/share. Absolutely unreal.

I can totally see why Jennifer Budlong got the hell out when she did.... we have total brain dead losers working for CGX and Frontera and she cut her losses at the right time.

Given we are back to $1.15... I wonder how much more De Alba and Frontera will rape CGX again for more cheap shares to finance this upcoming Wei-1 well. Last year they financed Kawa-1 at $1.63.... that seems like a hell of a way from where we are right now.

<< Previous

Bullboard Posts

Next >>

Soma Gold poised to extend profitable track record