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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 Gtboyon Sep 01, 2023 10:38am
362 Views
Post# 35615878

I am glad I attended

I am glad I attendedI am happy that i attended for various reasons. It was good to see and hear management say the things they said. We have been guessing and wondering where they were. Seeing people and watching them in the face in a room brings a lot more perspective.

But most of all, It was good to see that we have very smart people invested in this stock and they aren't pumpers who you cannot trust. To see smart folks whom I could have recognised such as Jtdd, Daveanand, along with the others who asked good questions and was constantly pressuring Suresh for answers was good. There were other shareholders in the room which I couldnt recognise from stockhouse but they asked very intelligent questions. I see someome said that Whyworry and Fiero was there but I couldnt tell who were they 

Overall, listen guys, this is a penny stocj and it carries the huge downtick risk. But we all know that and we still stayed in after all these years. As Suresh said, for a company that had no cash since years ago, CGX is still here and was able to eliminate all the liabilities, and drilled some very expensive wells whilst some other small players are not around still.

Good luck to all of us longs. We deserve our day in the sun!

GT
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