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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 > No worries
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Post by Mannyman99 on Jul 09, 2021 11:58pm

No worries

Guys there is no need for fuss or stress about anything really. I've grown to be pretty cofindent in this investment in cgx and yes it's discouraging to see managent handle such a high potential company so poorly, I've realized that there has to be a couple things in play here for this company to have been alive and afloat for however many years you dinosaurs have been invested. This corentyne lisence here is a diamond and I think management has known that all along from the deeply rooted research done by cgx and co. Throughout 20+ years of being in the basin. There's a reason why they've been sitting and waiting patiently for their time come. I think this will be huge and it will definitely spark something in Guyana for other investors once we do spud and the oil is nice sweet commercial oil and a lot of it haha. This is why I think this stock will be $10+ v soon and even more after that. It's not what cgx can do now or at spud but what they can do once they are successful with their first drill and with the port project w gov of Guyana etc. Cgx is really a huge play but it has gotten to the very end now because management has know that and sadly it's why I feel like they have been so complacent. I ran into a couple links to some pdfs that show sufficient evidence of cgx's Corentyne block location being pretty aligned with other big discoveries done by Exxon n total n Apache. Cheers and GLTA. 


mannyman

Comment by Mannyman99 on Jul 10, 2021 12:09am
Here are the links if you were interested:  https://www.researchgate.net/publication/287109722_Transform-margin_model_of_hydrocarbon_migration_The_Guyana-Suriname_case_study https://plataenergy.com/wp-content/uploads/2021/01/Guyana-Suriname-basin-Exploration-past-brilliant-present-and-promising-future-of-a-new-world-class-basin-ed-MT.pdf
Comment by whyworry on Jul 10, 2021 12:44pm
Thanks for the links to those information packed items.   Very exciting but also frustrating to see the Berbice canyon run parallel to but just west of the Corentyne block.  Hopefully lots of oil got squeezed to the east!
Comment by waitingstill on Jul 10, 2021 3:48pm
My understanding is that the channel flows right through Corentyne block and we KNOW it flows east as evidenced by Apache 4 massive hits. And northwest the into Exxon's hits. All good. I believe we are in the sweet spot. Can't wait for the drill to come.
Comment by whyworry on Jul 11, 2021 1:25pm
Waiting still, I was commenting on slide 5 of the plata energy presentation.  The Berbice canyon play is not over top of corentyne, but two others are, the one you are referring to I assume being the basin floor fan and slope fan play which has been hugely successful for Apache.  That report also speaks highly of the geology of the shelf where much of corentyne and I guess Demarara lay.  ...more  
Comment by stark15 on Jul 11, 2021 4:20pm
Mannyman, i dont know how long u have been in the stock but u r repeating what us "dinosaurs" have known all along, lol, but u have it right.....Who could of imagine the hurdles this company would encounter along the way to our waiting the pot of gold.  Gunboats, ITLOS award, 2008 global meltdown, dry hole drilling, share consolidation, Pacific Rubiales changing names not knowing ...more  
Comment by stark15 on Jul 11, 2021 4:22pm
Geez, how could i forget 1 of the biggest hurdles we've had to overcome....our VERY BAD management.....thank God Suresh & co are just puppets now.....GLTA
Comment by ljmorin on Jul 11, 2021 5:08pm
It's unfathomable that we are still alive here. Likely 99 out of hundred companies woud have been long gone for sure. Maybe even 999 out of a thousand. There is no doubt at all CGX roots run very deep with all the people that matter in Guyana. Even giving a starving in debt broke company the deepwater port shows this very well also.  They could have got on the phone with a hundred ...more  
Comment by YancyDerringer on Jul 12, 2021 7:23am
Stark I believe your correct about that press release with Frontera and CGX stating CGX would remain a separate entity. Don't remember when exactly but I recall it since you brought it up. :)YD
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