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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

Post by taalon May 28, 2024 7:03pm
228 Views
Post# 36061356

Contracts

ContractsMost Contracts are Assignable so I'm sure that the contract signed with the gov. would have had an Assignment clause...Since the Contract  was signed long before Exxons first discovery ..there would have been No need for the Guyana gov.to insert a non-assignment clause...So I'm pretty sure those tax credits would transfer to a new owner if in fact Cgx was Sold outright...I do believe that would be the preferred  outcome..As WCPmention why would any major want Cgx as a partner let alone Fronterra...
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