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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 Jul 06, 2022 9:25pm
241 Views
Post# 34807102

Summary

Summary
I don't think anyone is happy with share price and especially management.. Since sometime in March after Kawa results we all knew that other than an announcement concerning a JV there would be No news ...We all knew that Wei would Not be drilled until 3rd quarter that left 4 months or so for our share price to trade 8 hrs a day 5 days a week ...very hard for our share price not to drift downwards..These last four months were difficult...but the next four months we will certainly see a steady upward movement in our share price....Again keep in mind De alba has 1.5 million options at $.71 Professor Zoback 1 million options at $.82 Mr Durkee our Vice president of operations and Ms Giry 1.8 million options at $1.36 There is a lot of money at stake and No one ...No one is making money as we speak... Patients we are All working towards the same goal....Next 4 months will be the opposite of the last 4 months...GLTA
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