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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 soulfireon Jul 27, 2022 10:59am
288 Views
Post# 34853701

SP

SPI think lack of volume has seriously affected the SP and has added to the negativity.
Feels like someone has been accumulating shares, and like us long term shareholders, are not selling, at least not right now.
Hopefully Fridays meeting can give a boost to the SP.
The comapny needs to spend some resources on IR and promotion, it is sorely lacking.
The deal is the deal. I feel good about it, and by end of 2022 we will be in a much better position.
Only a few months to wait before WEI1 results.
Cheers

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