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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 > Deadline for receiving bids.
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Comment by Mbxwatcheron Apr 10, 2024 10:58am
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Post# 35981188

RE:RE:RE:Deadline for receiving bids.

RE:RE:RE:Deadline for receiving bids.I could be wrong......but to me our problem is leverage.
We have an expiring license (to my understanding), and the other companies also know that.

My guess is that our only hope is 2 or more companies want the license and we get something of a bidding war...

IMO this thing goes down to the wire in June...
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