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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 Frank007on Mar 09, 2021 11:35am
185 Views
Post# 32752664

port /drilling

port /drillingcgx is financinge the wharf through  credit lending ...15 milion  is 10% down  heck  your house  has probably got more leverage .... as for the drilling ...frontera could go it alone   but my call is  parex  will chip in as they are already doing join ventures in columbia  ....and as for  offshre drilling  ... yes neither are currently in the of shore buisiness  but whats to know ....hire the right people and rig and away you go ....  i am sticking with both  cgx and fec  .... g l t a ....
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