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 Harel1976on Oct 15, 2021 9:43am

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Post# 34008939

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

Frontera is a cash cow, paying divi's for years and was valued 50% more then today pre corona. Now that poo is back to pre corona level fec is valued for its production base alone and its holdings in corentyne and cgx is valued at 0. Fec also has debts but has cash as well. In worst case scenario fec can sell cgx to a major to pay its debts and still keep 35% interest in corentyne.

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