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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 Jan 21, 2024 11:56am
472 Views
Post# 35837919

Opportunity at these levels

Opportunity at these levels

Like everyone else, I got fuc*ed by management and their horrendous decisions over much of 2023. My bank account is definitely not where I anticipated it would be post Wei TD. 

Saying this, I still see value at these levels. Houilian Lockey has a great track record selling assets for fair value... their website even has links to actual deals and associated details. 

Provided CGX moves additional WI in Coreyne/WI in the port, the share price will go up! How much who knows.... but my sincere opinion is at least $1 CAD minimum. 

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