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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

Comment by Schreibzeyon Feb 17, 2021 10:30am
154 Views
Post# 32583947

RE:Realistic Price Increase?

RE:Realistic Price Increase?Someone correct me if you disagree, but it seems like the Port is a joint government venture, whether by Guyana or with Suriname too. To me the giveaway is when they talk about jobs generated, and especially when they're losing business to other ports in the region that would otherwise lift local economies. To some extent, I believe this is why they keep Suresh and others around despite being otherwise useless (right...Hermann Tribukait).
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