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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
Comment by jtddon Apr 13, 2020 10:23am
85 Views
Post# 30902768

RE:RE:Another week of no news

RE:RE:Another week of no newsEven if there is a company ready for a joint venture agreement, I don't think they would be willing to sign until the results of the elections are declared in a transparent and credible manner.  A joint venture will require government approval so if an illegitimate and internationally unrecognized government is in power, that, in my opinion, would pose too high a risk for a big company to join.  Let's hope the supervised recount gets done soon as there is much corruption taking place to try to rig the election results in favour of the previous government officials.
Bullboard Posts