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 > My Take

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Comment by CLOUDERon Dec 11, 2021 2:52pm

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Post# 34221960

RE:RE:RE:RE:RE:RE:RE:RE:My Take

yup, makes sense to me to. HEY if they (fec) put up that they spent $300 U.S. in guyana as FEC, + PRE, did you know that CGX spent about $100 million canadian ish before they were taken over by FEC/PRE. CGX has gotten about $450 million canadian redemshions coming, or the company that buys them, with discovery, MAN. THIS changes the equation a bit now, CGX`s cap is now $340 million canadian , with discovery WOW , YOU know how about this scenaio, they miss it is 30 cents to no were or 60 cents to next drill, OR $30 to $100 canadian $100 might be to high but $30 is not. this year. 80% ODDS I WILL TAKE IT.

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