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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 26, 2023 1:30pm
316 Views
Post# 35248186

Re cause of price drop

Re cause of price dropFor a long time now I believe the company is not and has not been interested in having penny flippers owning this stock..We have known for some time that while waiting for Noble to leave Trinidad that was a matter of time before we spud ..Uninformed retail investors were under the impression that the minute Cgx announced they had spud that the share price would explode upwards...Well they were wrong and got caught and are not interested in holding for the long term..Mm will make you pay...Keep in mind the better this play is ...the harder they will make it to hold on to your shares...I think we may have found a base and we will slowly move up from here...The real hurricane winds will come as we get closer to TD....Dont get shaken out of your shares..GLTA
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