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.

TSXV:OYL - Post by User

CGX Energy Inc > Interesting

<< Previous

Bullboard Posts

Next >>

Comment by liquorwolfon Apr 17, 2022 8:33am

307 Views

Post# 34608238

RE:Interesting

The most ridiculous characterization of calling CGX a joint venture partner is almost incredulous when in fact CGX is an 80% owned subsidiary of FEC. According to accounting standards 100% owned is "wholly owned", over 50% is a subsidiary. Wonder why news releases keep referring to CGX as a partner. This is plain wrong and completely misleading.Bet I am not alone to wonder why..

<< Previous

Bullboard Posts

Next >>

Red Light Holland and PharmAla notch psilocybin extraction