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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 OIL_RUNon Nov 07, 2019 9:43am
180 Views
Post# 30320622

RAMFORM TITAN UPDATE

RAMFORM TITAN UPDATE

After shooting seismic around CGX's Northern Corentyne Area (per fleetmon) the RAMFORM Titan is now in Trinidad.


The RAMFORM Tethys is circling just south-East of Liza.


CGX should be releasing their quarterly results mid-November. 


As mentioned by others on this board, Apache news is right around the corner with Apache CEO telling investors last week they are imminently entering the target zone. It will be very interesting to see where they will choose to drill next - 9 wells have been permitted.


Lots of near term catalysts - just have to be patient. Best to let others take the risk proving up the plays around (and in) our licenses. In turn, focus on replicating near-by success - strong of pearls...


CGX vastly undervalued - won't stay below $1.50 for very long...

Bullboard Posts