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CGX Energy Inc CGXEF


Primary Symbol: V.OYL

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.


TSXV:OYL - Post by User

Comment by Kelvinon May 13, 2024 9:14am
91 Views
Post# 36036523

RE:RE:RE:No money

RE:RE:RE:No moneyGood info Frank. I'm trying to figure out it's relevance to cgx and its dock. Have they run out of aggregate to finish the dock? I read up on that operation in Port MacNeill BC. It's called Orca. Gravel is rounded stone. Aggregate is sharp-edged angular used in structural elements like posts, beams, foundations, pads, floors, decks or wherever you need stone to interlock in order to improve strength. Orca sells both gravel and aggregate. 6.6 million tonnes per yesr and their dock can handle Panamax sized bulk carriers and yes you're right in that San Francisco buys a lot. In fact, all of earthquake prone California buys a lot because high compressive strength Orca aggregate from Port MacNeill is one of the few that meets the high standards of California's  building code. I imagine that CGX's dock would require similar quality aggregate. Where do they get it? 
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