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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Comment by IntoTheSoupon Mar 10, 2020 3:13pm

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Post# 30789845

RE:RE:Oil companies will have to engage in brutal cost-cutting if

Dear Catman,

PRODUCING oil companies will engage in brutal cost cutting to eliminate capex during a short term liquidity crisis.

Coronavirus will be completely irrelevant before CGX can drill a single EXPLORATORY well.

Someone with more free time should aggregate the heaps of chicken little statements you have spewed onto this message board and make a neat collage when this price war and "pandemic" nonsense blows over.

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