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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

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Post by Mat1791on May 09, 2020 1:50pm
138 Views
Post# 31007244

Context of Guyana Elections

Context of Guyana Elections

Context of Guyana Elections

It is of utmost importance to understand the racial context and the overarching role the Russians and other foreign interests have played in Guyana’s 2020 general elections as an international consortium of differing interests-the criminal underworld included-try to snatch resource-rich Guyana from African Guyanese leadership and turn it into a playground for dubious criminal organizations.

African Guyanese were first brought to this country on the north-eastern shoulder of South America centuries ago to work sugar and other plantations as slaves. They did for so hundreds of years until emancipation in 1834-38. Once they left the plantations and used their own resources to purchase slave villages, the white European planter class needed cheap labor to continue working on estates. They brought Indians from India to replace the Blacks, treated them way better than the Blacks, stirring up tensions, racial hatred, and acrimony that are ever-present in Guyana’s society to this day. The Europeans also flooded out African villages and farmlands to force them back to the plantations. Most held steadfast. That was the beginning of Guyana’s ever-present racial divide.

As the decades moved on, the British, still in control until independence in May of 1966, continued to play the divide and rule game, placing Indians just under colonial whites, the local mixed-race creoles and the Portuguese class that emanated from plantation workers who had come from Madeira, an island off the coast of Portugal, to also work plantations. They had failed but were given land and other privileges and economic privileges like bonded warehouses to ensure they had greater economic opportunities than Blacks.

As the 1940s ended, the first moves to form mass-based political parties began to emerge with the People’s Progressive Party (PPP) being established by an Indian dentist named Dr. Cheddi Jagan. The PPP contested the first elections in 1953 that had first allowed for universal adult suffrage, meaning the right of all to vote. Such rights were back then reserved for the planter class of landed gentry.

The PPP won the 1953 elections and formed a government that lasted less than six months because the British and the Americans were growing increasingly uncomfortable with its communist leanings, suspended the constitution, brought in British troops, toppled the administration, installed an interim government and organized fresh polls in 1957 which the PPP also won.

Before then, the PPP had split in two with a large faction, comprised mostly of Guyanese of African descent, joining forces with former PPP chairman Forbes Burnham to form the People’s National Congress (PNC) which is the largest member of the current governing Coalition led today by retired army general David Granger. Indians stayed with the PPP.

The racial split and divide boiled over into open warfare in the early 1960s when the British and the US CIA combined to undermine the PPP and its leftist leanings, its embrace of the then Soviet Union, Cuba, East Germany and others in the then communist global family in America’s geopolitical backyard. More than 150 people were killed, large parts of commercial Georgetown, the Capital, were destroyed by fire and looting and thousands fled the country to Canada, the US and the UK.

Africans and Indian Guyanese who were living side by side in villages abandoned theirs, formed their own racial/ethnic enclaves that remain largely intact to this day as violence drove them from their homes and birthplaces in many instances.

The 1955 split of the PPP meant that Guyanese would go on to vote strictly along racial lines with Indians supporting the PPP and Afros the PNC or any group led by it as is the case with the APNU-AFC Coalition which won the May 2015 elections.

In May 2015, an international consortium led by ExxonMobil and including Hess Oil and China’s CNOOC, found “world-class” deposits of oil and gas offshore. Exxon has successfully drilled 16 wells so far. The estimated recoverable amount is 8 billion barrels. The US Geological Surveys (USGS) had decades ago listed this area as being in the top two largest virgin basins in the world. Exxon has also brought production to a start in a fresh, “frontier” oil country in less than the industry standard of five to seven years. Actual production and oil exports began on December 20th. For its part of the production sharing arrangement with the consortium, Guyana will export five million barrels of oil in 2020 and could earn up to $300 million. By 2025 when three oil fields are in play, production could reach 750,000 barrels a day compared to 120,000 currently. Projected revenues could reach US$5 billion per year. Overall, the life of the oilfield could allow Guyana to earn US$168 billion, making it easily the hemisphere’s richest country per capita. The current population is a mere 780,000. UK operator, Tullow Oil has also drilled three successful wells near Exxon’s Liza

Field but these are heavy sulfur wells unlike Exxon’s sweet, light crude that is easy to refine. Repsol of Spain, CGX Energy of Canada, Chevron, and other majors are all involved either as operators or as “farm in” companies, meaning they have bought shares in concessions near Exxon’s highly lucrative field. Most have high hopes of striking it rich if they go ahead with plans to drill this year.

It is in this context that Guyana now finds itself on the brink of a second and perhaps, even more, deadly cycle of racial and ethnic conflict following the March 2, general elections.

The Indo-dominated PPP, well aware of the billions that will accrue from the oil and gas sector, has teamed up with rich Indian business interests in India, the US, Trinidad, and Suriname with their substantial Indian populations and the Russian underworld to snatch the country and its resources from Guyanese of African descent.

The PPP last April hired Washington-based lobbying firm Mercury Public Affairs to help it steal the country and hand it over to the Russians and Indians around the world, making it a satellite nation of India and the Russians. This unholy

alliance has everything to do with Guyana’s abundant oil and gas resources, its gold, diamond, bauxite, titanium and other mineral deposits as well as rice, sugar, timber lands as marine resources.

So, the elections were held in early March and the plot to take the country and turn it into a playground for Russian, Indian and Indo-Caribbean interests played out for all to see.

Mercury PLC had already told key American figures like Secretary Mike Pompeo, Michael Kozak, the acting Assistant Secretary for Western Hemisphere, New York Congressman Greg Meeks, Senators like Marco Rubio and others that the PPP would win and that the Coalition would try to steal it. In this regard, the two produced and published projected results on a spreadsheet dated on February 29, three days before elections, showing a PPP win. Everything was set and prepared for a PPP win. Mercury told this to the world and many believed.

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