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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 Investnowpleaseon Mar 01, 2022 9:12pm
236 Views
Post# 34473394

RE:RE:Just a question....

RE:RE:Just a question....I would imagine a development of a project this size would be in yhe eange of 4-5B. No way they get that for CGX, then they would lose control of the entire project. This is all very interesting as there is no possible way FEC has the expertice or the cash to develope it. Success brings issues they cannot deal with, if its successful. Sure hope it is. Many questions surrounding that, from what has happenned WRT news being released. Its enviable but not in the same sentence. 
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