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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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

CGX Energy Inc > Headlines
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Post by taalon Oct 17, 2023 8:40am
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Post# 35686810

Headlines

HeadlinesIn the past several days we have had two positive articles on Cgx...The Port News  and now the Minister of natural resources announcing that Corentyne  could be in production by 2030...Speculation??? Government  official usually  don't make predictions..so I'm assuming there is some truth to this statement...Yet our share price is stuck in limbo...Very easy to manipulate a low floater and just as easy to Move a low floater...but for some reason ...powers to be want the share price in this range...Again I'm of the impression  that are working on a deal ...thus the delay and share price stagnation...giving No one the impression that there may be activity going on behind the scene...Soon our long and agonizing journey will come to an end...GLTA
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