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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 stark15on May 11, 2020 10:45am
173 Views
Post# 31011717

counter WCP

counter WCPI want to counter a few points u have made......1st, before the JV, before the buyout, i think u r missing the election results.....nothing happens until that is COMPLETELY done!  Btw, I think CGX is fine no matter who the winner is (read waitingstill's post below), it just has to get DONE!!  2nd, i dont think it was the virus that deterred CGX from drilling.....rather it was the virus, the crash of oil prices, the elction results delay, BIG players cutting their spending etc...u get my drift, everything hit at once!  Things r much better and our outlook is improving....oil prices r already on the rise, election results due shortly and oil rigs r cheap right now!!

Let me alter your Brown's analogy somewhat....it could be said we r the Browns but remember who was their coach the last time they made the playoffs and before the move to Baltimore?  Bill Belichek..... and he didnt have immediate success....it took him 4yrs to make the playoffs and they were on the verge of something special if the owner didnt F&ck it up....DeAlba is our Bill B....he will take us to the promised land!!  Just not over night like most on here think....but everything is back on track!!  Again, i am sticking with my original position....JV announcement by this fall....drilling in spring 2021 !!  GLTA
Bullboard Posts