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CGX Energy Inc CGXEF


Primary Symbol: V.OYL

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 Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Comment by Kelvinon May 20, 2024 3:51pm
80 Views
Post# 36048994

RE:RE:RE:RE:Frank

RE:RE:RE:RE:FrankYes lithium batteries store energy, they don't generate it. In fact you don't create energy. You transform it from one form to another like the chemical energy in natural gas to fire a thermoelectric plant to produce electricity to store in batteries.

So we need to be talking about what stores the most energy per unit mass. Nature has already figured it out. Hydrocarbons are essentially stored solar energy. Phytoplankton to kerogen to hydrocarbons create over millions of years by biological and geological natural processes. In fact hydrocarbons have 60 times the energy density (available useful energy per kilogram) than that of a lithium battery. The only thing that has more energy density is the binding energy in a uranium nuceus.

Some humans are so stupidly arrogant to think that humans can come up with anything that can store energy better than nature can. Nature created us. We did not create nature.
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