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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 Jul 20, 2024 11:43am
203 Views
Post# 36141168

RE:Govt likely to end deal with CGX – VP Jagdeo

RE:Govt likely to end deal with CGX – VP Jagdeobest case scenario, getting an appraisal period and sp keep droping till time run out or a miracle happens that saves this company that any potential investor knows this acreage will be free to grab soon...
the other scenario of taking the remains of the corentyne block from cgx means game over and for share holders will be left with 0.

been explaining it here all the way, every step of the way signalled im spot on.

still a very very very high market cap due to the super low float and volume and the easy manipulation opportunity by cgx and fec to keep cgx in the game but once the bad news land (sooner or later) it goes to 0 in minutes...

 the sad part of this gambling investment is - i dont see any upside even in the best case scenario..

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