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 > Perfect Play

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Comment by stark15on Sep 22, 2021 2:55pm

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Post# 33899518

RE:Perfect Play

wow.....the King Operating Corp CEO thinks the price of oil will be $100/barrel by this years end.....double wow!

Listening to this CEO makes me think if Kawa is the success DeAlba thinks it will be (me 2)....we would be ripe for a buyout offer....and if that happens....we would have a successful Kawa drill, 2 other licences in the basin and a port (the licence from the Government is the asset) that is scheduled to b completed next year as assets......all of a sudden $15 - $20 seems like it is a possibilty......GLTA

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