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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 May 07, 2021 11:00am
168 Views
Post# 33152083

value.......

value.......compare parex ...127 milion share out .... frontera  97 milion .... parex  production 40 thou ...  fes 40 thou ... both columbia   ......parex debt  o   frontera 350 milion  not due  until 2023     arex share price  $ 23      fronter  $ 6.08        ... well  if you want torch to  production rise and future groth  my money is on frontera  though i do have some parex  picked up  $ 18  range .      i think parex will throw in with  frontera   on the  cgx drilling ....just a quess in that they are working togther now and must know whats going on .....
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