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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

Post by taalon Jul 27, 2021 7:26pm
268 Views
Post# 33614476

Wcp

Wcp
Please ....If there was going to be an offering it will be done by Fronterra ...like ALLthe other offerings ...and it wouldn't be at $3.00 but much lower....I don't believe that's how they will raise the money...Fronterra will end up with a larger share of the licenses....how much...who knows....then do a Jv with their increased interest in the license...Why Cgx isn't doing that.... Fronterra runs the show and will do whats good for them...like they have All along...If we hit oil All is Good ...but not as good as it could have been....Fronterra would be making a deal with themselves... Sooner or later we will know....
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