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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 Apr 02, 2021 1:49pm
342 Views
Post# 32932363

value....

value....1 hole is app 50 milion. not 100     each of apache and exxon  were approx 300 milion barrels ... so if   it hits ....my  call is  each share will have a claim on 1 -2  barrels of oil    and  with  $35  lifting cost and net to  producer  20 to 30 $   your shares should have a  nice value   as well as any future discoveries .... i know i am dream ing but   this  little  junior could be a $100  stock ....
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