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 > Kawa-1. What is a good result?

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Comment by soulfireon Oct 15, 2021 9:09am

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Post# 34008712

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

And where CGX goes so does Frontera.
If this well fails CGX will be in deep doo doo, we know that, it will also bring Frontera down.
In a way Frontera is dependent of CGXs success because Frontera has nothing else but heavy oil in countries with turmoil.
The Guyana/Suriname basin is a different path for Frontera and brings a lot of value.
Just my take

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