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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 Gtboyon Aug 11, 2023 8:56am
131 Views
Post# 35583468

RE:Valuation

RE:ValuationI hope you are right buddy. Lets see where the sp ends up today. I really hope that the small five or six of us shareholders with large holdings for years are not just being greedy and telling ourselves with each bad news that its going to get better and end up losing everything. We are so much die hard cgx that it goes against the theory of good investing on the market, that is, sell when its up and take profits. I so regret not selling everything when it was in the upper $3's or $4. I could have bought back now at these prices and dont care whether i lose it all. But we all wanted to wait on WEI so here we are holding our- you know what- in our hands.

Again GLTA especially the die hard cgx minoriity few.

GT
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