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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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

CGX Energy Inc > Who is Lying?
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Comment by westcanprideon Dec 05, 2023 5:47pm
187 Views
Post# 35769980

RE:RE:RE:Who is Lying?

RE:RE:RE:Who is Lying?

Yeah no worries Sporty... entire point of this board is to have debate. 

we will see next Monday (I really hope) the technical and business merits of Corentyne. 

your last point "who benefits most"... sure in principal FEC benefits most given their large WI in the block. With that, a dead/severely wounded CGX (by virtue of poor geology/poor management) does absolutely no good to Frontera either? Not like they will continue pumping more 2023 and upcoming 2024 free cash flow into Corentyne to make it look better... 

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