RE:RE: CGX pushes start-up of Berbice Deep-Water Port to late 2024The demand for oil, offshore services, shore based facilities is huge as well. Cgx seems to be having problems monetizing their assets in Guyana in order to generate income from the surging demand. Investors must be wondering what the heck is going on. Everybody and their dog is msking money on the growing opportunities except for cgx. I don't know Frank. Something ain't right. They should, at the very least, be generating revenue from the port right now.
How is XOM drilling and/or planning to drill over 100 deepwater wells in order to develop their 4 projects with Yellowtail in spproval stsge. On Yellowtsil alone, 51 wells need to be drilled by xom. How sre they currently supplying their operations? From Trinidad? Cgx couldn't build a port fast enough in order to help supply xom's operations? Yellowtail alone will create over 1300 permanent jobs according to xom, many of them shore based. Anyway xom is builfing their own port. Maybe they'll buy up Cgx's port on Crab Island as well.