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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. 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 Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Bullboard Posts
Post by simonx72on Mar 25, 2012 4:05pm
927 Views
Post# 19715672

Guyana Chronicle March24

Guyana Chronicle March24

Ramotar seems confident. Knowledge or bluster? Time will tell.

In light of these and other developments, the President is encouraging each and every Guyanese to look ahead and on the bright side. “…look to the future,” he said. “Look to the possibilities that this country has; look at what will be happening in this country if we find oil, and I hope we will find oil.”
Noting all the possibilities ahead of us, the President said: “Should we only build for what we have at present? Should we not try to anticipate our future, and prepare for that? That is what precisely we are doing.”
In terms of how he feels about the prospect of the finding of oil in commercial quantities here and the coming of Marriott and other spin-off activities, he said: “I myself am confident of the future; confident that we have a very bright future ahead of us; that we have a lot of gains to make in the future, and we have to have the infrastructure for them.”
“We have to have the infrastructure in this country to deal with what I anticipate would be a very bright future ahead of us, once we can implement all of our plans,” he iterated.

https://www.guyanachronicleonline.com/site/index.php?option=com_content&view=article&id=41183:president-ramotar-says&catid=4:top-story&Itemid=8

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