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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 Jan 17, 2023 11:32am
318 Views
Post# 35228050

Re where is the interest no volume

Re where is the interest no volumeGuys this is Not a P and D....This is a legit play...They have No reason to promote the share price Yet....Fronterra  who is running this show has No interest and are basically unable to sell shares...to unknowing retail buyers...The share price will move as we get closer to completion of well...Now Fronterra  has some 250 million or so shares which Can Not be sold on the open market ...so some deal will Have to be made at some point...Im sure they are Very aware they are on to something  big and I am convinced they are or will soon be in negotiations with a potential  buyer....I can't really see any other way for them to exit this play...Shares are useless until converted to Cash.....Whats beneficial  for Fronterra is definitely good for us shareholders....
This has been a long and Arduous campaign....
Which is nearing completion For All of Us
GLTA
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