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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 waitingstillon Jul 22, 2022 9:07am
189 Views
Post# 34842658

RE:RE:CGX Energy Loses Majority Interest In Corentyne Block In Att

RE:RE:CGX Energy Loses Majority Interest In Corentyne Block In AttGood points Tiger. We are still alive and have mitigated all financial threats. Yes, it was a high cost but now we can focus on what we are here for - Wei. All facts point to a extremely high chance of success. Look at their presentation. This time we are going for the kill shot - right in the middle of the targets as opposed to the edge to maximize info. I am sure there will be no messing around regarding trying to determine geologic uncertainties but a "show me the money drill" . I can't wait until we spud now that it is obvious we are finally in a decent financial position. No rights offering, no PP, no FEC takeout on the cheap. Go CGX go!
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