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.

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CGX Energy Inc

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Post by Windyhillon May 10, 2019 7:11am

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Post# 29732844

CGX now consolidated with FEC

More than 67% of CGX shares...... NOT FOR SALE........FEC Frontera news release on Guyana we have recently received government approval for our farm-in joint venture agreement with CGX Energy Inc. (TSXV: OYL). Additionally, we increased our ownership interest in CGX Energy Inc. to over 67% and have consolidated their results with those of Frontera as of March 14, 2019.

Read more at https://stockhouse.com/news/press-releases/2019/05/09/frontera-announces-strong-first-quarter-2019-results#pi5Vpro5Qrp1Hz2Z.99

GLTA.

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