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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 Jun 12, 2021 5:31pm
291 Views
Post# 33378246

why worry ....

why worry ....Frontera just floated a $400 milion us  bond  to 2028    un secured at that .wow ... now  the one well  will not only  have a very good chance to  hit pay dirt ... it also  secures the leases  as that is  necesary   for the future of the licenses ... the port project  will be the cash cow that keeps on giving unless no one wants energy    than all bets are off ....can not see that though ...so  stop worring and start  investing  .....
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