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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 whyworryon Aug 20, 2021 10:03am
199 Views
Post# 33739192

RE:WELL, PARDON THE PUN

RE:WELL, PARDON THE PUNSpelling and grammar notwithstanding, now you are a geologist... now that's funny!  I have minor concerns with CGX, ownership structure and financing being among them, but there is absolutely no question that the basin is de risked and Apa/Total found billions boe in exactly the same strata as CGX has begun drilling, about as far away as your daily skateboard ride.  You discredit only yourself with your relentless, absurd posts.  Good luck...
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