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 > Vergatario

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Comment by Beaner1814on Nov 03, 2021 9:51am

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Post# 34081554

RE:RE:Vergatario

Have always been a fan of your insight Waitingstill. As JDC's last news release was the end of September regarding its reorganisation efforts and commitment to pay back creditors, I can only imagine the Trustees are liquidating what they can, including JDC's stake in CGX. The speculation re RBC makes sense that it would be a single shareholder, just unfortunate, if it is JDC, that it comes on the back of another faulty step by CGX.

For those interested: https://www.jdc.co.jp/en/news/index.php

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