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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 stark15on Aug 13, 2021 11:21am
242 Views
Post# 33700652

CGX is the play!

CGX is the play!FEC has very little interest....heck the only poster on there board is Frank, lol....FEC has other boat anchors/interests weighing them down....KCAC1 has 1 thing right, CGX will fly! Sell FEC, buy CGX, lol that's for Frank..... OilRun said it best...."In my opinion, CGX will eventually be valued higher then Frontera. CGX's offshore assets represents the crown jewel of Frontera's future valuation. The asset base Frontera has in Colombia require consistent intervention, stimulation and work over - just to sustain production. These assets are capital intensive and are usually characterized as having a breakeven around $55/bbl. It will take years for Frontera to get Colombia production back to levels to where they once were. Recall, production is down roughly 40% pre Covid. CGX is the play!!
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