CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc

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Comment by Atonon Nov 05, 2019 3:55am

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Post# 30308659

RE:CGX invites bids for Crab Island port works

Thanks for link, I thought the port at Crab Island was long gone and forgotten, now CGX wants bids to develop this much needed new port as the offshore industry is projected to skyrocket in the coming years. Another leg of valuation for CGX, perfect.

IMF thinks that the economy will grow 86% next year alone in Guyana, so new ports will be needed indeed.

https://www.cnbc.com/2019/11/04/guyana-the-imf-thinks-this-country-will-see-growth-of-86percent-in-2020.html

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