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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 1StewPidBatPisson Dec 12, 2022 6:20am
165 Views
Post# 35165535

RE:RE:RE:RE:RE:Is this the week...

RE:RE:RE:RE:RE:Is this the week...Because I keep on forgetting my password. Lol. I must have over 5 gmail accounts. It's so easy for one person to be many people on this board. My next handle will be batspissstew. Got bats on my mind cause they buzz past my head in the early morning. Lots more insect because of the very rare piles of rain we've been getting lately.

Right now nimbostratus clouds mean more rain today. Something is up with the climate. Lots more water vapor in the atmosphere almost everywhere it seems. Relative humidity values don't reflect it. A better measure would be the humdity ratio.  Lots of flooding in Colombia, Venezuela etc. I hope that CGX builds that new port on high ground. Just in case. I read that Georgetown's seawall needs to be extended laterally to protect all of the new facilities and infrastructure being built. I'm thinking of buying some Guyana stock exchange listed shares. Billions of dollars are flooding into Guyana and this is just the start of an accelerating trend of economic growth.

Oh the increased water vapor is not because of CO2. It's because of the millions of tonnes per day of high molecular weight therefore high heat trapping capacity, toxic industrial air contaminants that humanity spews into the air every day.

Once they figure that out they'll realize that nature already has figured out how to pack the most energy into a given mass. Short of the binding energy in the uranium nucleus it's hydrocarbons which have 60 times the energy per unit mass more than lithium batteries. So most energy delivered with the least environmental impact at the best cost is hydrocarbons. So I expect that global demand will only increase. Keeping my eye on the weather in Guyana. Stormy seas with high tide tend to flood large areas. Hope that CGX designs that port for 100 year storms. But I have no idea of how to do that.
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