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 > RISK

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Comment by Dirksidetrackon Oct 21, 2021 6:52pm

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Post# 34035265

RE:RISK

No. The risk is the bs that the cfo just pulled. How do they expect to attract Calgary oil money or institutional investors? They just told everybody that they don't have those kind of investors because if they did they wouldn't do it. I can see it now. Cfo pulls garbage and immediately CEO of Manulife on the phone to CEO of CGX " What the f are you doing? You just cost us 20 million!"

They gotta work on that. Oil patch small world. Word travels quickly.

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