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 > Possibilities.

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Post by ljmorinon Oct 21, 2021 2:54pm

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Post# 34034016

Possibilities.

Here is a possible scenario the way I see it if commercial oil is found.

I think Frontera/CGX would farm out/sell 66% keeping the remaining 33% working interest.
Fronterra is an oil company mostly heavy oil so it makes perfect sense for them to diversify into light sweet higher return oil.

We just gotta hit!!!
GLTA lj

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