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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

Comment by westcanprideon Jun 18, 2021 8:29pm
310 Views
Post# 33415793

RE:JUNE-18-2021: SURINAME LICENSING UPDATE

RE:JUNE-18-2021: SURINAME LICENSING UPDATEThis is fantastic news. Thanks for sharing Oil_Run. Definitely makes that Utakwaaka-1 exploration well (announced 2018 I believe) look much more attractive up-dip from Kawa-1 (NE Cornetyne), especially now that Chevron has a large chunk of land ajacent to it. Given the recent news from Suriname, perhaps some of the folks from Chevron and Total were buying up CGX shares this week? In any event, we now have Exxon, Apache/Total, and now Chevron all around us. In the past, any share price spikes were always temporary... I think that is over now. I can only see us going up from $1.24 now as we have had three fantastic days of share purchases (and probably accumulation by many). Great way to start the weekend. 

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