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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

Comment by IceDog13on Aug 11, 2022 4:37pm
186 Views
Post# 34889643

RE:SP trend

RE:SP trendWithout a catalyst this will probably slowly lose value. Day to day anything can happen, but I would guess 3 months from now the price will be less then today. This is not a knock on CGX, it is just what happens when these kinds of companies are in a holding pattern, which CGX is now in. Once the rig for Wei is on route, or if there is new positive news about Kawa, the price could jump substantially. Until then though, I expect it to slowly lose value. 
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