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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 Miftee9on Mar 29, 2022 10:16pm
149 Views
Post# 34557559

RE:Re: Question

RE:Re: QuestionWCP, you keep referencing that FEC does not have the financial resources to bring this to production and this works against FEC/CGX.  You might be right but you are forgetting the great equalizer, COMPETITIVE TENSION.  All the Companies know they are a small fish in these waters.  However, the fact that the concession has huge potential and if mangement is smart (big IF) they will be playing these players against each other in order to drive price up.  The question is not how much can someone afford to pay but how much can one afford to lose by not securing CGX/FEC.  All the big players want a piece of this action and they will pay. God willing.
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