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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 Qwerty123456on Apr 29, 2020 11:37am
125 Views
Post# 30966472

Isn't it ironic...

Isn't it ironic...How the Canadian energy sector is in an upward trend with historically low commodity prices / generally higher production costs compared to other jurisdictions and yet our little company generates little to no investment interest in what would seem to be the hottest exploration basin on Earth. Husky and Cenovus for example lost close to 2 billion dollars each the first quarter of 2020 and yet today are up about 9% on the TSX. Amazing. Seems time for a change in leadership.
Bullboard Posts