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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 SheDrillson Jul 04, 2023 1:17pm
420 Views
Post# 35525998

RE:RE:RE:Seeking Alpha Article and Question for SheDrills!

RE:RE:RE:Seeking Alpha Article and Question for SheDrills!

The reality is that we are a very small group of who invest in exploration. Both CGX and Frontera are relatively illiquid which makes our small group a microscopic group. These 2 companies have put zero effort into courting North American investors and seem to put all their eggs into the takeover or buyout basket. Since I entered here they now have 2 technical discoveries, VSP enhanced seismic data, significant logging and cuttings data, core samples and fluids data that will come from that amassed information. They have discovered barrels and significantly derisked probable barrels. It is all about what Exxon, Total, Chevron, Shell, Petrobras, Repsol, Hess, CNOOC, Anadarko, Qatar Petroleum, ect think and are willing to pay ..not what the market thinks here. Those potential buyers will likely wait another month for the labs results then need another month or two to analyze. Until then I expect CGX and Frontera to wash trade sideways. People who are fearful will slowly trim, people who are greedy will slowly buy...all in anticipation of the real event which is early monetization through farmdown.

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