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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 Dirksidetrackon May 11, 2022 6:37pm
146 Views
Post# 34675923

RE:RE:RE:# Unanswered Questions

RE:RE:RE:# Unanswered QuestionsYeah Yancy talking food, drink and political capital I just got back from the beach after spending the afternoon there with my wife. Talking food we ate curried goat in a potato, onion roti wrap. Fantastic! I made the roti and curried goat. Fresh cumin and curry from Trinidad given to me by my Trinidadian friend here who is head mistress and owner of a bilingual school for kids.

Political capital. I saw and directly felt the effects of what happens when you don't have any. ExxonMobil had Cerro Negro in Venezuela nationalized back in 2006. Billions of dollars gone, just like that, at the stroke of a pen via a presidential decree. Same happened to ConocoPhillips with their Petrozuata project. So, for some reason, CGX still retains their political capital when, at the stroke of a pen, they could have been wiped out years ago. People can interpret that as they choose. I choose to believe that Corentyne is loaded with oil, that the people with the magic pens want CGX to succeed and the only issue now is to find a decent, economically producable trap or more.

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