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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. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.


TSXV:OYL - Post by User

Post by CLOUDERon Aug 11, 2022 3:38pm
202 Views
Post# 34889400

WELL

WELLi will give you guys good news though,  FEC has all most all of  CGX`s shares,  right, so they can play CGX like a money maker in the market (really like they have done),   so the last 10 or 15 % of CGX can be sqeeed and punted around at FEC`s wimm,   they can and have made money on this,  imo.  CGX is  FEC`S  money makeing  puppet.             maybe you guy`s are smart to stay here,  this is nut`s,     but so is this market,   why not.                                                                                           PS,   remember  in a news relese about a year or 2 ago  FEC reserved the right to buy or sell CGX`S  shares IN THE OPEN MARKET  when ever they pleased,   i bet they have,and will,   soooo  $10   anyone.
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