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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 Harel1976on Feb 16, 2024 3:29pm
224 Views
Post# 35884901

RE:RE:RE:EXPLANATION

RE:RE:RE:EXPLANATIONUdi, if you roll back youll find my opinion in regsrd to valuation, i wrote many times here the mc is way way too high.
Un commercial resources at the hands of companies with no funds to move forward usually valued at zero.
Dyor, youll see posters here attacking me, calling me shorter but never counter me with facts.
Not a shorter just an investor that specialized in this basin and a few more, followed this board for 10 years, wrote on this board for many years, invested in cgx 3 times successfully, know it by heart, know when companies lie in their pr's, shared many times when i spotted lies, was right every time and every one here knows it!
But still people are blind by their position.
This one is going to the low 20's if not less.. jmho.
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