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 > Exxon moves to Whiptail as 15-well Guyana campaign ramps up

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Comment by waitingstillon Jun 15, 2021 2:29am

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Post# 33386776

RE:RE:RE:RE:RE:Exxon moves to Whiptail as 15-well Guyana campaign ramps up

I disagree. I hold a junior oil and gas exploration company that had a 50/50 JV with Equinor (Statoil) and Equinor let them be the operator for the first 3 holes. Equinor spent abuot $100mil on the deal before they bailed. So it happens. But, then again, even though CGX made some good hires, you still have to deal with Suresh as CEO and that could very well be a deal breaker.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?