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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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Post by Devanand1on Feb 09, 2021 6:34am
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Post# 32510248

Hopefully, we will get a second news release soon!

Hopefully, we will get a second news release soon!Very happy about the two competant persons that they brought onboard. Not hearing much about Suresh. Is he being sidelined with De Alba now being  a  more active co-chair..   

Hopefuly, we will see a second news release soon with some important details such as financing, JV partners, reserve estimates, extensions and completion of paper work on the blocks, drilling date, rig contracts etc etc. 

Happy that the port is moving forward but  how the heck are they financing all these activities. Anyone care to guess? 

 
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