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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

Comment by Strawboss1on Nov 17, 2023 12:10pm
220 Views
Post# 35741273

RE:Gross negligence for sure

RE:Gross negligence for sure Being crooked is one thing and being incompetent is another.  In this outfit we happen to have a blend of both. I am embarrassed to say this is the worst company I have ever invested in. Their responsibility is to add value to their shareholders but they go out of their way to tank it.
I have talked to a couple of lawyers in the last 9 months or so and s,howed them a few of the moves they have made on the sly. I got a free consultation from each one and it could lead to something down the road.  Since that time I quit selling shares and still have about half of what I originally owned. I am in the red but , I have come to expect that.
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