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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 Dell1on Nov 04, 2023 4:21am
482 Views
Post# 35717161

Silence is a killer

Silence is a killer

At this point we could only guess what is really happening behind the scene. I can speculate that if we don't get any significant updates on Friday that will mean that results are not spectacular. Even if the management is involved in the takeover they should be talking positive about current/expected lab results.Usually takeovers occur after Q results. I am sure not that many investors are interested in Frontera operation updates in Colombia & Ecuador.
We are expecting Haimara-2 update in November. I am expecting by the end of November. The Bluefin-1 hasn't been spotted yet. The Bluefin-1 results should be released by Christmas is the earliest or in 2024.

What do you think?

Accusing management of not doing their job correctly is not going to get you anywhere. They are doing what they can and in the their best interest to get paid. 

 

On the positive note Frontera stock has been steadily going up this month. 
 

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