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 IceDog13on Jun 24, 2021 4:51pm

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Post# 33445787

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

OIL_RUN wrote: More recent valuation of the two prospects CGX intends to drill in 2021 - see link below:

https://stockhouse.com/companies/bullboard?symbol=v.oyl&postid=32621208

GLTA

Thanks a lot for this. Where did you find the info that KAWA is a 500,000,000 target? I looked everywhere but could not come up with anything. If this is the case, I would have to double all my numbers as I was using 250,000,000. Admittedly, this was a number I had to pull out of the dark using a best guess.

The fact I had to come up with a best guess though says CGX really needs to hire better PR people!

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