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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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

CGX Energy Inc > Jan 28, 2022
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Comment by westcanprideon May 03, 2023 8:03pm
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Post# 35428919

RE:RE:RE:RE:Jan 28, 2022

RE:RE:RE:RE:Jan 28, 2022

With respect a2bman, that was kind of the hidden point of my original message. For all of January 2022, Cgx traded in a tight band (similar to the past month or so). What happened right at the end of January 2022?... it tanked hard... and then magically, it skyrocketed beginning of February on news of a big oil discovery (well it spiked that faithful Monday morning, became halted, and then the news that Monday night and Tuesday it spiked). Please tell me.. was this drop before the news release a coincidence? I highly doubt it. The insiders with CGX know what's happening 24/7 IMO! 

My guess today, the insiders were looking for shares/hoping to get people to sell out of fear. 


Guess we will see soon enough. 

Cheers. 
 

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