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Bullboard - Stock Discussion Forum 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. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore... see more

TSXV:OYL - Post Discussion

CGX Energy Inc > Development
View:
Post by ljmorin on Apr 11, 2022 2:43pm

Development

I guess we have to consider that FEC cannot develop this on their own either. They simply don't have the capital or expertise t do so. We always seem to forget this point.
They need a major to JV as bad as CGX needs money and everybody knows it. Which also does not put them in a great position to barter either. 
So I dn't see the benefit in doing away with CGX as I think they need to keep the political capital as well as Guyana's Indiginous Oil Company.
Comment by RightAngle45 on Apr 11, 2022 3:49pm
It has been almost 8 months since they spud Kawa and they still dont have the results.  Or do they ????
CGX Energy Inc
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