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 > How much more will Frontera take more of CGX?

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Comment by Rapsanion Jul 12, 2021 3:04pm

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RE:RE:RE:RE:How much more will Frontera take more of CGX?

Money for a port - easy - loans ! So many articles on U.S. and others that want to invest in infrasturcture. Lot easier to get loans on a tangible asset (and put a lien on). Thought I had seen a list of investors a few months ago for a port. We've put over 10M if our money into the port as I understand. I beleive we won't be selling shares to fund the port.

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