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 > Opinion

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Comment by whyworryon Oct 25, 2021 12:24pm

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Post# 34045533

RE:Opinion

No doubt the stock would sell off, but I agree with you that there is lot of value left even if Kawa is not commercial. Bottom at .75-.80?
I just hope like hell that they partner before they attempt anything else.

Having said that, I am optimistic for Kawa. I think this well is at least a commercial find, and more likely a blockbuster!

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From now on, dynaCERT instead of Bitcoin or NVIDIA?