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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

Post by Frank007on Apr 20, 2021 11:17pm
216 Views
Post# 33034838

port project....

port project....some of that 19 milion is for the port project ....i am sure that that will be the cash cow  that supports all of the other investments and future  exploration in both blocks ....frontera must be  rolling in doe from the oil revenues at 42 thou a day  brent price   hedges rolled off last year  this quarter  i would say if last  was a net of $ .48  . share  profit with the  $35  $ hedges  this q  should be  tripple that at least  / share .. not bad for a $6 stock and the future potential of  cgx in the bag ....
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