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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 Windyhillon Jul 01, 2021 11:14pm
248 Views
Post# 33480700

RE:RE:Discoverer Contract with BP.

RE:RE:Discoverer Contract with BP.oldcompanyman.......... Four (4) word response. ...........
"Breath of Fresh Air"

Thank you for your thoughts on the team & Drill at KAWA....

I believe if the players on the board here review Oil_Runs comments on the AGM, more in depth, most here have missed it...... " engaging prospective JV partners after the Kawa reached TD (total depth). In my read through here is that they feel very confident in Kawa and are not going to give this high valued zip code away at a discount. BRAVO!"

As mentioned earlier, any prospective joint venture "(OR STRATEGIC PARTNER)" needs to pay up for these assets. Could this be a state partner... Guyana, Suriname, India, China, some form of consortium ..who knows. BP, CHEVRON, TOTAL, ROYAL DUTCH SHELL the list of Majors goes on and on that would be happy to be part of this Guyana/ Suriname basin and low cost barrel story..

BREATH OF FRESH AIR ! 


Happy to have you and your colleagues aboard to bring a different perspective. Encourage then to give their feedback on this play.


Frontera is running the show here and Delalba is way ahead of this negotiation more so than we could expect. Hold those Shares in order to see the final outcome.
as Oil_Run has stated more than once..... A story of a lifetime to share with your GrandChildren.

Good Luck to All.
 

 

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