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 > Risk

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Comment by Harel1976on Aug 24, 2021 11:29am

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Post# 33754741

RE:RE:RE:RE:RE:RE:RE:RE:Risk

Stark, i do know about the port, i have been investing in cgx for years now, trading it and reading this board as well.. I didnt mean cgx will "die", i meant the investment. I sure hope kawa will be successfull, i sold out here at avg. 1.8$ and moved to fec. Fec will drop big time on dry hole but much less then cgx and will be able to recover much faster. Because of the low share float here a discovery at kawa will rocket cgx more then fec, thats for sure, but with no economic reason and the same effect on bad news.. I respect your decision to go head on on this well but remember, you are not hedged...

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