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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

Post by taalon Feb 24, 2021 3:16pm
191 Views
Post# 32649475

Re Caterpillar

Re Caterpillar
Being here for 21 yrs ...you should know better...Its like running your 1st marathon and quiting a mile before the finish line.. You've been here 21 yrs and after all this time this is probably the absolute best opportunity we've ever had at striking oil...All their other attempts were made before any oil was proven in our basin ...Now we are surrounded by oil ...a commitment to drill a minimum of Two wells (soon enough we will know where the financing is coming from) and you think Now might be a good time to take profits?? Well be my guest...I would never advise anyone when to or not take profits...but for me I'm sleeping real good at night holding my investment....
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