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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 Dirksidetrackon Sep 22, 2021 3:49pm
239 Views
Post# 33899818

RE:RE:Perfect Play

RE:RE:Perfect Play So what does low volume with rising sp mean? Lots of bidders, few sellers at this price? Yeah I think that most people see the potential of this company. Btw Jeff Currie at Goldman Sachs sees $90 oil by the end of this year.

It's got something to do with real tight supplies of natural gas with surging demand. I haven't made the connection. When utilities can't find gas to generate electricity they use oil? Something like that. So I thought that renewables were going to displace hydrocarbons by now. Guess not.

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