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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 > Thanks
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Post by Dirksidetrack on Feb 03, 2022 7:08pm

Thanks

Icedog and Ebenizer, Yeah things will get quite intense if results are not released for months. Now I'm trying to think of why they would hold back results. Lol. Best I just sit back and patiently watch.
Comment by IceDog13 on Feb 03, 2022 7:37pm
I don't think they are holding back results... they do not have them yet. After drilling operations are complete there is still a lot of analyzing to do. I would expect 2-3 weeks for a more detailed report. If it starts to drag over a month... then I would concede they would be holding something back.
Comment by Coloradobuff on Feb 03, 2022 8:28pm
Or they are I negotiation for a JV or buyout 
Comment by ljmorin on Feb 03, 2022 9:28pm
They wouldn't have held back any results, They were just finalizing results when the leaks as always ocurred. When you see blocks 50-90Ks of shares being bought up just before a halt. The final results will likely be better IMHO than the partial positive news. Much better. lj
Comment by TraderRJS on Feb 03, 2022 10:07pm
Agreed ljmorin. I think even in the NR that they said they would release the results as soon as they were available. It would be very surprising if they withheld the results unless it was because they were wrapping up a JV and didn't want a distraction. 
Comment by Mat1791 on Feb 03, 2022 10:28pm
IMO, something leaked and the company needed to act quick to protect all those involved.   I don't believe they were ready to release anything at the time, and were caught a bit off guard, thus we got a watered down pre-release to cover whoever's brother, sister, uncle, aunt or friends that were beginning to profit from unreleased info.  Securities commission satisfied ...more  
Comment by Mat1791 on Feb 03, 2022 10:38pm
Sorry LJ Read the first post on the board and provided a comment without reading down the chain.  Just basically repeated what you had said... Should have just responded to yours, 100% agreed.
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