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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 fottomon Apr 27, 2021 2:50pm
149 Views
Post# 33075783

RE:TIC TOC

RE:TIC TOCFIERO, I don't see the motive for holding the price back either.  Assuming they are engaging with multiple parties for a JV positive price movements would add to the urgency of securing a piece of the pie for interested parties.

We are left with the burning question of why a JV hasn't been secured already in the past several years and particularly now that it is drill time.  Shouldn't ompanies should be crawling over each other to get into the Guyana basin?  Asking price too high?  I wish I knew.  Man it would be cool to see what deals have been proposed.

Can't wait to see how the next couple of months pan out.  Best wishes to all of you long time believers.

FOTTOM
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