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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 SportyJon Jun 22, 2023 10:08am
957 Views
Post# 35508954

Unhinged

Unhinged WS, if I could add, with Kawa (if memory serves) we traded around $2 usd pre news. We got the news and it was LWD but  No MDT. The lack of MDT is what caused the inability to sustain the elevated sp. 

Now "we" are clamering for LWD data with no MDT data?  Have I got that right?

No I think what's going on is the trading volume has been on the increase and the sp is soft to down. Right on the cusp of the biggest news in Cgx's history.  How is that possible?  Well that's what has some of the bullish bulls unhinged.

Me, I things are going to work out just fine. 

All imo


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