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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 30, 2022 10:26pm
206 Views
Post# 34718830

RE:RE:A G M

RE:RE:A G MOidarts, Yeah the BIS (Bank for International Settlements) where the world's central banks settle their accounts in the December 2021 Quarterly Review available online said that NBFI (Non Bank Financial Instruments) like crypto currency, ETFs etc are now a major source of funding for companies on a global basis. So I'm not worried about oyl's ability to rsise cash because these days reliance on traditional credit markets is greatly decreasing. The BIS Quarterly Review says that this trend has been accelerating since the GFC (Great Financial Crisis) in 2008. There's trillions of non-bank funding available. I'm not worried about that. If Wei comes up big then the money will come pouring in. Everybody is scrambling for decent return these days.
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