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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 hrpao11on Jul 07, 2022 9:21pm
331 Views
Post# 34810076

Keep the faith

Keep the faith

I have been around this stock for as long as most of the "regulars" here.  We all knew there was oil and that kept us.  Then came Exxon...they confirmed what we all knew.  Yep, we had lots of missed steps and missed opportunities...we did not have a pot to piss in then and we don't now....at least not yet!
The frustration we are all experiencing now feels and sounds like some we have experienced again and again on this board. We are all still here because we believe there is something there....Wei is hopefully our "Exxon find".
I am hoping our collective frustration does not signal to Frontera that we are right for the picking.  Remember PRE.
All indications are Wei is going to get drilled...I don't particularly care how...just do it.  We waited this long....keep the faith!

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