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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 LCSullaon Nov 12, 2023 11:29am
400 Views
Post# 35730852

You're not helping your stock price

You're not helping your stock priceBy creating a sense of panic. By threatening to sue them into bankruptcy. What goes down 45 percent can go up 90 on Monday.  The news is not all bad.  Still waiting for santonian logs is what it is.  Sell the port for 500 mil and market cap of 127 mil would be a part 1 of 2 payday. Chill.  I don't like the uncertainty more than anyone but they wii figure it out and make everyone whole and then some.  Then let's see where the oil play pans out for part two of deal which is still in play. 
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