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.

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CGX Energy Inc > CGX Energy Loses Majority Interest In Corentyne Block In Att

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Post by AwareInvestoron Jul 22, 2022 8:52am

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Post# 34842616

CGX Energy Loses Majority Interest In Corentyne Block In Att

In an attempt to fund its exploration, CGX Energy has given up majority ownership on its flagship asset. This follows the company last month announcing that it was going all-in on the project, and abandoning its exploration efforts elsewhere.

https://thedeepdive.ca/cgx-energy-loses-majority-interest-in-corentyne-block-in-attempt-to-fund-exploration/

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