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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 westcanprideon Mar 23, 2024 3:18pm
144 Views
Post# 35948950

RE:RE:RE:FIVE MORE FPSO

RE:RE:RE:FIVE MORE FPSO

The government is run by a bunch of idiots. Look at the port... something that would be of benefit for the entire country. What does the government do... they allow CGX to kill literal years and more shockingly allow it to turn into a massive joke of a project. Boat docks in central Alberta look more promising than the shi* they have built. Brazil probably wonders infernally "what the fuc* are we going to be able to export in any meaningful amount with that piece of garbage". So much money is still needed there... and brains. 

The government talks a good game (recent offshore bid round), then goes and gives land to a new Guyana startup run by a bunch of women. It's comical and pathetic. No doubt executives across the oil industry view the government as a bunch of fools. Least on a plus the government likes oil. Something that can't be said in many other areas globally. 

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