CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc > Here we go!!!

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Comment by AnMaron Jul 28, 2021 11:18pm

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Post# 33619270

RE:RE:RE:RE:RE:RE:RE:RE:RE:Here we go!!!

ljmorin wrote: It would not be in FECs best interest to giive Guyana's Indinginous Oil Company the short end of the stick. You must be a little bit new here.
They are woven in deep with all the movers and shakers and Govenrment there.
Fact one, CGX has 66.6% interest in the blocks no matter how much FEC owns of them.
Fact two, This well will be drilled very soon or FEC and CGX lose the block.
One good hit on KAWA and thsi all BS goes away.

ljitmoron, I really think you have completely lost all objectivity here, there is nothing indigenous about CGX other than SN, and I see him as a liablility at this point. FEC is, slowly, but surely swallowing CGX, and why shouldn't they. CGX is robbing shareholders with each paycheck management receives... they should have been sunk long ago. Movers and shakers in the Government - BS. CGX will get the short end of the stick and that's all they deserve!!

Try and look at the bigger picture here, from another point of view - as if you never owned an interest in CGX or FEC, how would you invest today if you were going to?

cheers

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