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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 Harel1976on Oct 15, 2021 3:14am
266 Views
Post# 34008060

RE:Kawa-1. What is a good result?

RE:Kawa-1. What is a good result?no, only 1b boe is good result..
if the 60% chances for a duster will realise and youll loose all your investment then you wont need to ask if 400m boe is good result..
cgx is the most dangerous stock in the basin, binary event, mc close to a bubble and the most dangerous thing is that most of the posters here dont have a clue what they are getting in to.
yes, i know its one of the most attractive wildcats to be found, im in as well, but sold out all my cgx shares at avg. 1.8$ and moved to fec that at the same time had the same mc but 40000 bopd and 82% exposure to corentyne.
anyone who preffers cgx over fec doesnt have a clue in investing.

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