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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 stark15on Jun 05, 2021 10:24am
244 Views
Post# 33335832

JV partner ***********

JV partner ***********I'm not understanding why some want/think there might be a JV partner before next months drill?  Why would u want scraps when u can enjoy a buffet?  It seems obvious to me DeAlba is not getting the offer he wants from a JVP before the drill, or, imho we would have had one months ago......isnt it better to drill and get your price and WAY more after?  I would think differently if there were no discoveries around us, but that is NOT the case.....we have discoveries (more than 1 !!) all around us.....imho, WS is either close or right on the drill date.......not long now, GLTA !!!!!!!!!
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