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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 Frank007on Mar 23, 2024 1:31pm
149 Views
Post# 35948858

Cgx …frontera ..fpso

Cgx …frontera ..fpso If you look at the water depth ...no need to invest in fpso ...shallow enough to buy an un used platform ..and there are many offshore Louisiana ......could be bought for nothing and set up on continental shelf offshore Guyana ...run a pipline both gas and oil to shore and well you do the math ......my guess is cgx would be worth at least $20 per share ...Frontera well .who knows .......these two stocks will gap up .soon ...heck Frontera had a special ncib last year at $12.......      trading now just over $8 .....
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