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.

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CGX Energy Inc > Level 2

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Comment by westcanprideon Nov 06, 2023 2:52pm

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Post# 35719950

RE:RE:RE:RE:RE:RE:Level 2

Ok fair enough.

I'll ask out loud... it's clear someone on the inside knows something and thus is comfortable putting up a 600k share wall. Let's say good news is released... who is to say that this 600k wall will not stay up for a short while and thus allow all the short positions to cover?

only saving grace would be a trading halt, which would catch the shorts in a tough position. But given most of these short positions are folks with insider information (based on how past trading events have occurred), I highly doubt any of them will get caught with their pants down. De Alba likes these kind of people. It's the regular shareholder he hates.

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