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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 > Re something coming
View:
Post by taal on Feb 25, 2022 2:41pm

Re something coming

Personally I don't think there is a R.O. or a P.P. Fronterra has never done a PP in the past and now that they have found oil(if in fact it is good quality oil) they are not giving shares away to the public at this price...A R.O. to existing shareholders and themselves....possibly... If they have good quality oil I can't for the life of me see how they can not attract a Major for a J.V....As far as the share price is concerned ....they have been in control of the share price ..as long as I have been a shareholder...and thats a Long time...They don't seem to show thier hand other than an hr or so before a news release or a flurry at end of day if announcement comes after hours....God luck All
Comment by ohu812 on Feb 25, 2022 3:24pm
I agree with Clouder a NR on Friday is usually not good news.  Let's hope for a NR Monday GLTA
Comment by Ermosp on Feb 25, 2022 6:10pm
It can take them another month to analyze the oil. If it is good then they may discuss JVs which can take longer. Don't expect this to move before march, probably april.
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