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 > it is.....

<< Previous

Bullboard Posts

Next >>

Comment by Mat1791on Mar 22, 2021 2:15pm

269 Views

Post# 32851373

RE:it is.....

I own both CGX and SEI. Have always looked at S.America for the next great oil discoveries.

CGX has property in a proven area with a friendly government, no restirictions, but no farmout.

SEI has property in a, about to be proven area (think Eagle Ford), friendly government, pilot program aimed at judicial acceptance, and a farmout with XOM

CGX = .83
SEI = .20

I think both are going to be fantastic plays

<< Previous

Bullboard Posts

Next >>

Investing with insurance and protection