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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.


TSXV:OYL - Post by User

CGX Energy Inc > Demerara maybe off the table.
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Comment by Miftee9on Nov 08, 2021 10:49am
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Post# 34099684

RE:RE:Demerara maybe off the table.

RE:RE:Demerara maybe off the table.Cant see why a major wouldnt want to JV with CGX on Demarra to guarantee access as opposed to having to bid for it and risk not getting it.  I suspect this announcement is coming soon otherwise FEC/CGX is negligent in handling their assets.  I am putting money on a JV coming for that piece so that they can keep their license.  GLTA.
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