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Bullboard - Stock Discussion Forum 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... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > Next Couple Weeks
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Post by westcanpride on Apr 30, 2021 12:53pm

Next Couple Weeks

Next couple weeks is when I think we start to see real action in Guyana with CGX/Frontera.

A) https://www.offshore-energy.biz/bp-takes-maersk-rig-for-development-drilling-off-trinidad/
- The current rig we have booked is currently in Trinidad drilling for gas developement wells. It is due to be finished in late June/early July (based on numerous articles I have read). I will make its way to Guyana afterwards. My guess is early to mid-August spud date. 

B) In conjunction with rig location/availability, Frontera will very likely be pushed on this during their 1Q conference call next week. Can only keep the secret (spud date, etc) closed off for so long... especially if they are now securing procurement contracts for wireline, drilling equipment, etc. Hopefully we also hear more about the port project. Can only keep making open ended promises for so long before investors start pushing back and demanding more details!!! 

C) Price action has been pushed upwards... hopefully its not just in anticipation of the Frontera 1Q results (and associated news) but rather because other people are starting to notice the company. Let's still hope and pray a magical JV comes foward and really propells this upward past $2. 

Either way, exciting stuff ahead.
Comment by jada13 on Apr 30, 2021 3:35pm
Sounds good to me.looking at the chart the the March upwards has begun. Had a nibble at .92 couldn't help myself it's easy money.
Comment by waitingstill on Apr 30, 2021 3:42pm
C'mon, who is going to buy to push us into triple digits? Would be nice to end the week there.
Comment by ljmorin on Apr 30, 2021 4:36pm
Go for it WS, Get us over the hump! lol
Comment by jada13 on Apr 30, 2021 7:07pm
What a joke ,went fot 3000 shares only get 500. 
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