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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 10:42am
100 Views
Post# 36036766

RE:RE:RE:RE:RE:No money

RE:RE:RE:RE:RE:No moneyThanks a2bman, yeah I read that the Guyana Sheild in the Essequibo region contains prolific amounts of very hard and durable quartz based rock like granite and quartzite. I guess that they could crush that up in order to supply Guyana's construction needs.Isn't XOM building a $300 million port? Huge future demand for aggregate. Imported aggregate must be getting expensive. Not so much becsuse of constraints from initial suppliers but rather because of bottlenecks in Guyana's stretched port cspacity. They need more ports. Especially when XOM is talking about producing 1.3 million barrels per day by 2027. Lots of cash is gonna flow into government coffers to build lots of stuff.
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