Bullboard - Stock Discussion Forum CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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

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CGX Energy Inc > Question

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Post by Alim33 on Jan 31, 2022 11:10am

Question

Hi, I am new here. Just wondering why FEC is not up much today? I thought FEC and OYL are together in this. Thanks.

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Comment by CLOUDER on Jan 31, 2022 11:19am

when all is said and done, CGX holdes 2/3rds of the leases and last but it just might not be least CGX holds the lease for the port imo that is were it will be and the refinery to sooooo. and the $300 million renumeration is theres to.

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Comment by Alim33 on Jan 31, 2022 11:35am

Sorry, another question. Could this bump up be related to an upcoming financing? Thoughts? I am debating whether to jump in today or wait.

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Comment by Goldrush97 on Jan 31, 2022 11:59am

Cgx is Guyana pure play. High risk and high reward. Fec is safer bet if things go south as they have assets in Colombia and Ecuador to support them. Financing through JV is positive development. But I think this movement is more about the imminent update about the well.

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