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 > Thanks for the fun!

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Comment by IceDog13on Jun 24, 2021 4:47pm

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Post# 33445762

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

YancyDerringer wrote: Dog your calculations are off, it is not $3.15 and your basing your assumptions on $40 oil, we are at $75 oil.:)YD

The price of oil today is not how you evaluate a company. Simplified way to value a company is at $5 / barrel in the ground. A premium is $8, and a discount would be $2-3. Look at Oil_Now's calculations he kindly shared a few posts back. You will note, he is using a similar metric.

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