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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 Rapsanion Apr 14, 2020 7:26pm
108 Views
Post# 30909580

RE:PATIENCE

RE:PATIENCE
Great post.   Perhaps covid-19 will be a positive for us long term based on companies needing to acquire lower cost production areas to weather future shocks (and we know there will be).   How many safe geopolitical locations out there that offer what our concessions may provide at low cost in the americas? Not many from looking at the average costs per country.

What's another year of waiting after 20 +  ...
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities