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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

Post by Kelvinon Nov 27, 2023 11:03am
131 Views
Post# 35754377

Essequibo

EssequiboVenezuelan media trashing China for contracts with the Guyana g9vernment for Chinese construction, oil&gas, mining and telecom firms to construct multi-billion dollars contracts on areas claimed by Venezuela. Also really bashing Exxon, CNOOC and Chevron. Note that the leader of the opposition, Maria Corina Machado is very angry. She states vehemently that Essequibo belongs to Venezuela and she is intractable on that. If she gets elected she has vowed to privatitize this economy like Milei will do in Argentina once he takes office December 10. Elon Musk has already posted on "X" that he is going to build a $100 million Tesla plant in Argentina, he is so extatic that Milei won in last weeks elections.

Do you think that Exxon et al have a hope in hell of getting a piece of the action in Venezuela by allying themselves with Guyana "stealing" Venezuela's resources? That's how they see it in Venezuela. And what about Brazil? Who will they side with? I think that this Essequibo uncertainty is affecting the sp as well. Who would make a deal on Corentyne when it's owhership is in dispute? The Essequibo referendum will be held on December 3 in Venezuela.
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