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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 stark15on Aug 13, 2021 11:21am
253 Views
Post# 33700652

CGX is the play!

CGX is the play!FEC has very little interest....heck the only poster on there board is Frank, lol....FEC has other boat anchors/interests weighing them down....KCAC1 has 1 thing right, CGX will fly! Sell FEC, buy CGX, lol that's for Frank..... OilRun said it best...."In my opinion, CGX will eventually be valued higher then Frontera. CGX's offshore assets represents the crown jewel of Frontera's future valuation. The asset base Frontera has in Colombia require consistent intervention, stimulation and work over - just to sustain production. These assets are capital intensive and are usually characterized as having a breakeven around $55/bbl. It will take years for Frontera to get Colombia production back to levels to where they once were. Recall, production is down roughly 40% pre Covid. CGX is the play!!
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