Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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

Bullboard Posts
Comment by Atonon Feb 15, 2020 4:25pm
135 Views
Post# 30695960

RE:Light reading...CGX Implications

RE:Light reading...CGX Implications
Thanks, a very interesting article, Alba seems to have a solid  financial / Bank background and this is probably why they elected him as a co-chairman. It´s pretty encouraging that a man like Alba takes this position in a small oil company. 

When CGX finds oil they are going to be in plenty of need for finance and bank experts, CGX and partners have to find ways to finance FPSOs and lots more. We can look at Nigeria and see how the oil companies financed offshore production, CGX could by doing  something like this actually handle a multi billion debt and CAPEX to develop the fields. Lets see first now how they will finance the first drilling campain, I think they are covered for one or maximum two drills here and Frontera will cover them with loans probably if needed. 

Bullboard Posts