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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 May 24, 2023 10:12am
266 Views
Post# 35461738

Share price

Share priceI've said many times in the past...if we have good results ...they will make you pay...Well this is how we are paying...You can't really get in for any sizeable amount and you certainly can't get out ..for any sizeable amount .Its very frustrating watching us trade and No volume.This time its different than with Kawa...They knew they were drilling another well(we of course didnt)so there was a run up in the share price where people in the know ...knew that the price would eventually  come back down so many in the know sold and later got back in..Meanwhile we were waiting on a JV announcement or a buyout and hanging on to every share.
This time around Wei is the end of the road..Either buyout...JV or bust....With all the Negative news circulating on Oil now and SA...I feel real good about positive results and a buyout....GLTA
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