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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 > Wei 1 discovery
View:
Post by taal on Jun 12, 2024 7:27pm

Wei 1 discovery

I think everything  in your post is all Conjecture...yes there is a substantial capital for infrastructure but that goes hand in hand with deep water discoveries..Exxon not being interested and focusing on thier property again just your opinion...Your whole post is skewed in negativity...No one ...none of us know what is really going on ..but ....when it walks like a duck...sounds like a duck...chances are Its a duck...Cgx closed thier offices...Fec separated thier assets for an obvious sale...We have 2 independent  reports showing 500....610..million barrels just in the Mastrichian and forget the Campanian and Santonian and how many targets to drill in N Corentyne..  And No One is interested?? An estimated  1.5 billion ....7 billion  barrels in N .Corentyne and we cant find a suitor...
I say B.S.   With no news and the blatant  manipulation of our share price...I say they are definitely  in Negotiations with someone..Who ?? No idea...but I think we are good...Time will tell..
Comment by Dell1 on Jun 12, 2024 7:40pm
Valid point ! I might sound negative, considering we have been hitting 52 week lows and no progress updates. You mentioned CGX closed their offices. In Canada or in Guyana? In Guyana they don't really need office space. In Toronto they can work from home ;) everybody else can be hired remotely.
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