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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 Mannyman99on Sep 22, 2021 8:15pm
277 Views
Post# 33903092

RE:RE:Perfect Play

RE:RE:Perfect Play

Well they're at $2 w/o pumping out a drop of oil, then the potential recoverable amount this company has along with all the other licenses, once results for Kawa-1 surface and its some nice commercial oil then that derisks majority of cgx's operations in Guyana and gives them massive leverage against other bidders in the basin (at this point I see the stock at US $5-7, and if we're not bought out by this point which could be anywhere between US $12-17, and Cgx and Fec wanna play the long run game and milk out all their licenses along with a now fully operating and economically outstanding resource in the port helping them not only fund themselves but export out to other countries at record breaking lows with the breakevens... I can see multi-billion dollar deals getting made w this company. Just the matter of how much oil and when. I hope this helps clear things up Colorado. Oh and btw the $20/share comes if we get to the last point I just mentioned there specially in a bull oil market, to answer your question. 

 

Cheers, 

mannyman ;) 

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