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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 14, 2024 1:50pm
139 Views
Post# 36039230

RE:RE:RE:RE: CGX pushes start-up of Berbice Deep-Water Port to late 2024

RE:RE:RE:RE: CGX pushes start-up of Berbice Deep-Water Port to late 2024Wcp, I live in Venezuela. From where I live I can be in Georgetown in about 18 hours driving down to the border with Brazil, across the top bit of Roraima state in Brazil to Letham, Guyana. Then up to Georgetown. With the new Letham - Linden highway in Guyana and the upgrades currently being done by the Brazilians on Roraima roads I can cut travel time in half. I can cruise by Angel Falls in Venezuela in the morning and be drinking 20 year old El Dorado Guayenese rum listeening to Calypso music in Georgetown by supper time. And all this while travelling through virgin rain forest along the way.

The point is that this entire region is on a roll. Thank you XOM earth scientists! Why are they not buying up Corentyne and the port? What reservations do they have? I doubt that it's because there's no commercial reserves in Corentyne or that the port can't make a handsome buck. 
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