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 Harel1976on Oct 03, 2020 12:58pm

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Post# 31663057

RE:RE:RE:CGX needs to get serious.

Obv. with their back against the wall no one will pay big money to f.i, cgx is just a puppet, frontera is calling the shots and they have their own problems at the moment, non the less frontera will not risk their only transformational assets in guyana and will commit, but f.o, if they'll f.o, will be for no more then 1 well carry for 40-50%. In any case the upside of securing a drill in north corentyne is a multi bagger.

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