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 > Stock chart Oct 12 to today

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Comment by Dirksidetrackon Oct 28, 2021 1:26pm

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RE:RE:RE:Stock chart Oct 12 to today

And why not? Fec paying big bucks to have a look. I can see why though. Just read the Hess COO and CEO statements during investor Q&A. Guyana is about the best fiscal regime on the planet.

They are even allowed to recover some of the money directly spent to e&p the fields before having to pay royalty tax. I think that CGX can recover up to 155 million if memory serves.

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