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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 Jun 19, 2023 8:56am
1606 Views
Post# 35503053

RE:RE:Thoughts

RE:RE:ThoughtsAgreed 100 percent. A major will not want to deal with cgx. I believethey will also then JV with fec to get a controlling interest in the block. But we should be long gone by that point. Hopefully at multiples of where we are now. I would imagine the fastest that could happen is 3-6 months as it will take 1-2 months for the final results to be interpreted.
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