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Voyageur Secures First International Sales Contract worth US$1.9 Million (click to learn more)
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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 > PR
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Comment by IceDog13on Dec 11, 2023 12:42pm
195 Views
Post# 35778070

RE:RE:RE:RE:PR

RE:RE:RE:RE:PRA few quotes in the presentation stating they are actively seeking a farm out partner. I don't think you see to much new money coming into CGX raising the stock price until this happens. The line that will keep people away imo is..

"... additional appraisal activities will be required before commerciality can be determined."

So after two very expesinve wells, they still do not know if either discovery is commercial. 
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