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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 Kelvinon May 31, 2023 3:28pm
168 Views
Post# 35473363

RE:RE:RE:Comments for Mr. Negative

RE:RE:RE:Comments for Mr. NegativeOther investors? Who? People who know the complexities of deep water drilling and invest based on technical fundamemtals? Most of these people know shyte. They invest on wild eyed expectations of a gusher rags to riches. 

Move on? Nope. This is a solid play. We just have to be realistic about it. They need to test the well. What do you think that huge equity funds that can deliver lots of volume can't hire their own oil& gas experts? I am encouraged that MacQuarrie recently bought in big even sfter the stuck incident. We need more clear eyed, knowlegeable investors like them and fewer of the dip shyte pumpers who know nothing. It gives the play bad optics. They got a great field there. Maybe just shut up for a while.
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