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.

TSXV:OYL - Post by User

CGX Energy Inc > Thanks for the fun!

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Comment by Rapsanion Jun 24, 2021 1:56pm

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Post# 33444824

RE:RE:RE:RE:Thanks for the fun!

Hi Icedog .. all your points are valid, however, there are important considerations:
1. possible JV.. right JV gives us many more lives for many more drills (i.e. Apache if I recall paid billions for a position next door in Suriname's block).
2. value of all CGX holdings .. there's an older link oil_run (respected long time member on this board) put together:
https://stockhouse.com/companies/bullboard?symbol=v.oyl&postid=31392454
3. a deep water port in development (Georgetown is at capacity)

I turst this provides insight to why us longs are in it.

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