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 > News out... don't get excited... Lol

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Comment by waitingstillon May 30, 2021 11:49am

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Post# 33294076

RE:RE:News out... don't get excited... Lol

Why do you conclude no JV for Kawa? I don't think this NR has any reflection on whether we get a JV or not. There are still 6 weeks to do. Who knows what will happen between now and then. Apache did a deal in the middle of Drilling with Total. The risk is so high to leave all your money on the table for a drill result and about a 35 percent chance of success based on the independent report. Go big or go home I guess. Brass balls are going to be required imo.

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