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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 stark15on May 09, 2022 1:17pm
249 Views
Post# 34667621

RE:Takeaways for those that dined in

RE:Takeaways for those that dined inBeaner, imho a good review....i would add, imho, DeAlba and company will not be waiting another 4-6yrs to develop the Corentyne.

He wants to maximize value much quicker than that for Catalyst capitol......based on that we will be seeing a JV, just a matter of time.....and when that happens i believe the sp will take off because of the immediate cash infusion, while clearing up a way forward.

I also believe they have interest from more than 1 MAJOR player so we will see how that translates when we see the JV deal.

I do believe they were purposely vague on way forward because they have several optionS....and if i were them i wouldnt 'speculate' either on how it might go......we will get there....and alot sooner than 4-6yrs.....and yes, i know, not soon enough for all on here!  Heck i want it now as well but i know what we have!   
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