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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 westcanprideon Dec 04, 2023 9:49am
221 Views
Post# 35766816

Virtual presentation

Virtual presentation

Well, it's pretty clear this last month was nothing more than a coordinated sell off to allow insiders the ability to load up on easy shares. This virtual meeting should have accompanied the Wei-1 news release... we got the horrendous efforts the past month instead. 

Time is now ticking. Painfully clear also that no JV/Farm down deal is imminent either. Instead they will now try to damage control and provide "excitement" around the results of the well. 

Who knows, maybe these whistleblower complaints have now started to spread into CGX/Frontera mailboxes and they are now feeling some form of heat. I can only hope. If management was smart, they would be best to be honest (for once!) and answer every single question asked... and for love of all things, please don't let the moron Victor Vega near the microphone. 

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