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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Comment by Gassy166on Sep 09, 2021 12:07pm

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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share price

Dirk you are completely missing the boat here, quite worrying about cgx financials. Cgx is owned by Fec so look at fec financials if your trying to justify investment based on financials. I think it was frank007 who gave a good summary in a past post you can follow up on for fec. The only other thing you should be looking at is to put a value on the offshore leases whether or not kawa is a success....there is simply to many discoveries around the block for their not to be oil there. Cgx/fec may not have the pockets to find it but the majors sure as hell do.

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