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 > Chevron would make an interesting partner with 2 Billion

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Comment by SheDrillson Dec 03, 2021 3:29pm

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Post# 34196427

RE:RE:RE:RE:Chevron would make an interesting partner with 2 Billion

Chevron Deal Would Look Something Like this:

$250-500MM Signing Bonus
+ backpayment of their share of all exploration costs to date
+ they carry CGX Energy's appraisal & devlopment costs (act like a bank)

= They get the majority working interest in all the blocks.
= They become the operator.
= They bring a rig to drill Demerara before the deadline.

Chevron is and has always been my top choice. I hope Kevin Lacy still has friends on the inside.

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