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.

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CGX Energy Inc > I do not think a JV will happen

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Comment by YancyDerringeron Apr 02, 2021 10:36am

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Post# 32931837

RE:RE:RE:RE:RE:I do not think a JV will happen

Devanand1 As Soulfire stated I have predicted a buyout long ago, NO JV. My reason is simple and basic. Frontera would have entered into a JV long ago, however, it appears to me they want to go it alone. They will either take more % in the site for paying for CGX share of drilling or sell the concession, with Frontera retaining some level of ownership. Time is running out for anything other then these two possibilities.:)YD

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