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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 SheDrillson Jan 09, 2023 10:29am
245 Views
Post# 35210983

RE:I'd like to direct this to Shedrills...

RE:I'd like to direct this to Shedrills...When I looked at the port based on their 2021 projections and a 25x multiple it gives about $1 share price for the port in 2025...but much is changing and I'm hoping the 2025 projections are exceeded so as always...we wait and see.  Like you, the port and the dramatic regional need for that port is what allowed me to take such a large position given the unknowns on execution risk offshore.
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