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 > CGX Energy Value Proposition 11/30/2021

<< Previous

Bullboard Posts

Next >>

Comment by Miftee9on Dec 01, 2021 11:09am

128 Views

Post# 34185009

RE:RE:RE:RE:CGX Energy Value Proposition 11/30/2021

They could wait. However, if by chance CGX loses its license, there will be multiple companies bidding for those blocks. Or, a company can JV with CGX and guarantee they have a piece of the action, have access to any and all work already done on the property and as an added bonus get to work closely with Suresh. The last point alone is reason enough to JV with CGX. Ha.

<< Previous

Bullboard Posts

Next >>

Catch up with companies that got a Stanley Cup Playoffs boost