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 > Here we go!!!

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Comment by AnMaron Jul 28, 2021 11:18pm

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Post# 33619270

RE:RE:RE:RE:RE:RE:RE:RE:RE:Here we go!!!

ljmorin wrote: It would not be in FECs best interest to giive Guyana's Indinginous Oil Company the short end of the stick. You must be a little bit new here.
They are woven in deep with all the movers and shakers and Govenrment there.
Fact one, CGX has 66.6% interest in the blocks no matter how much FEC owns of them.
Fact two, This well will be drilled very soon or FEC and CGX lose the block.
One good hit on KAWA and thsi all BS goes away.

ljitmoron, I really think you have completely lost all objectivity here, there is nothing indigenous about CGX other than SN, and I see him as a liablility at this point. FEC is, slowly, but surely swallowing CGX, and why shouldn't they. CGX is robbing shareholders with each paycheck management receives... they should have been sunk long ago. Movers and shakers in the Government - BS. CGX will get the short end of the stick and that's all they deserve!!

Try and look at the bigger picture here, from another point of view - as if you never owned an interest in CGX or FEC, how would you invest today if you were going to?

cheers

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