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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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

Comment by Splinnteron Feb 02, 2022 1:33pm
184 Views
Post# 34389850

RE:RE:TOTAL Joint Venture

RE:RE:TOTAL Joint Venture

Schreibzey wrote: Politically speaking, in and around Venezuela, I cannot see how the US Government (given Exxons location and windfall) would settle for a Chinese port in Guyana. 

 

I agree with you. Under the former U.S. Administration there was mutual economical intrest and the promise to protect Guyana and its population. Also the current Administration will lobby not to make a deal with China. The latter would expand their military footprint worldwide. The Silk route for instance is rather a pretext for other aspirations we see proof of in the Chinese South Sea. 

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