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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 BoykJurko11on Oct 01, 2022 2:56pm
320 Views
Post# 34999551

RE:Investment

RE:InvestmentI stick to my thesis that I posted a few weeks ago. Big money investors invested in oyl have the money to hire their own oil and gas experts, many of which might have inside info. They already know that Kawa was successful and that Wei will finally nail it. That's why no shorts are taking a run at cgx now. The longs will quickly take out their asks. Equilibroum seems to be about 90 cents. Nobody will venture much below or above that. Not sure thar Wei will nail it but nor gonna sell it short either. So this is it folks. Like all cards face-up on the table. All BS and hype gone. Hope like hell that it works out for you longs. I really do think that it will. Maybe not the Jed Clampitt like rags to riches but at least well worth the investment.
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