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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. 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

CGX Energy Inc
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Comment by YancyDerringeron Jun 02, 2015 4:42pm
171 Views
Post# 23790725

RE:RE: YancyDerringer

RE:RE: YancyDerringer
Phantomblogger if you are referring to my comments that Guyana will protect its interest in offshore oil, than yes. It is a vital issue for national security. In addition, this means a great deal to all the people of Guyana, they will get jobs, businesses will be created, and probably a monthly oil type payment to the people, sort of like Social Security in the US. Pacific and the new Mexican group might have thought they get CGX cheap. That is now history. They will like anyone trying to buy this have to pony up the $$ or there will be a lawsuit. No competitor to these companies will allow CGX to go cheap.So there will be offers, I am sure.
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