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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 SportyJon Dec 05, 2023 4:42pm
222 Views
Post# 35769887

RE:RE:Who is Lying?

RE:RE:Who is Lying?WCP, my friend, I will not effort to talk you or anyone else out of the belief that N Corentyne holds tons of oil.  I hope it does.  Yet I hold Cgx shares that I've written down as a complete loss.  It doesn't materially matter if I sell at .27 or .01 at this point.

In the oil business, NOTHING remains a secret for very long.  Yet for well over two years the golden lane has gone to the silver lane and the Santonian has gone to the Campanian and now back to the Maastrichtrian which is Stabroek.

N Corentyne was never about the Maastrichtrian and it failed in the Campanian and Santonian according to management.  To date, Pluma, Haimara, Bluefin, Maka, and Kwaskwasi offsetting N Corentyne have yet to be FID.  Bluefin is the only hope for N Corentyne imo.

Is there still value in N Corentyne?  Yes.  Who benefits most? Fec.

All imo


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