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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 Goldrush97on Oct 31, 2021 2:38pm
160 Views
Post# 34070988

RE:CHECK THIS OUT

RE:CHECK THIS OUT
Recaf is pure pump and dump stock if there was ever one. All hype on some 2d seismics and some geological data. Even if they find oil it will lot opposition to it since the kavango basin is ecologically sensitive area. Few mths ago there bipartisan members of Congress urging inquiry into oil drilling there. https://www.nationalgeographic.com/animals/article/us-concerns-grow-over-oil-exploration-in-the-okavango-region I am not touching this even with 100ft pool.
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