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 > 20000 achieved as at Year End

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Comment by Dirksidetrackon Jan 02, 2022 4:30pm

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Post# 34277679

RE:RE:RE:RE:RE:RE:RE:20000 achieved as at Year End

Thanks Sporty, I get the feeling that things will start moving very quickly soon. Guyana will put pressure on to fast track development. So if they have a commercial well there then CGX will need billions in order to develop it. Guyana is not going to let billions of barrels sit in the ground as stranded assets. So I'm wondering what's going on behind the scenes right now.

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