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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 CLOUDERon Apr 02, 2021 12:28pm
333 Views
Post# 32932158

WHAT IS CGX WORTH?

WHAT IS CGX WORTH?WELL,   287,588,662 shares out, none of you here ever talk about this,  CGX has about 10 million in the kitty it this hasen`t been used up, it was a half year or so ago i read this,most of CGX`S leases are in the shallows were nothing but heavy oil has been found in any amounts,the tip of corentyne is the ony play imo,last i heard drilling is about 100 million U.S. for a hole off shore,CGX has only 67% of there leases now    soooo.        yah this is worth a ,    what is it ?      a 1/4 billion market cap ????   o.m.g.
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