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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

Comment by OIL_RUNon Oct 05, 2020 12:33pm
147 Views
Post# 31667118

RE:RE:CALM & PATIENCE

RE:RE:CALM & PATIENCE

Westcanpride - good post.


I would add that it was the CGX shareholders, not management, that really carried the ball getting the maritime border dispute resolved.  It was CGX shareholder money that provided the critical funding to support the Guyanese people in claiming over 92% of the disputed area.
 

At this critical moment in Guyana's history - where was Exxon, Shell, or Repsol? The fact was that they were on the sidelines. The maritime border was to great a risk for them to get involved. 
 

Ultimately, it was the CGX shareholders that went to bat for the people of Guyana during the maritime border dispute. CGX Management did help - but, it would not have been possible without shareholder financial support.


My hope is that the PPP and Jadego understand this important fact. Management willl come and go - but, the CGX shareholders who deserve the recognition and be given the chance to be rewarded for the risk it has taken.


That's all I would ask of the Guyanese people and government - as a long time CGX shareholder.

 

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