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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 > Frontera plugs US$19M into CGX
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Comment by YancyDerringeron Apr 18, 2021 12:29pm
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Post# 33019027

RE:RE:RE:Frontera plugs US$19M into CGX

RE:RE:RE:Frontera plugs US$19M into CGXClouder I think your correct! I was hoping for a stock swap, however we have a slow , smooth,quite death of our shares over the next year if they don't hit oil. Frontera takes the 3 concessions for $19million, pretty cheap. This may close out CGX after a 22 year saga!:(YD
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