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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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.


TSXV:OYL - Post by User

Comment by Dirksidetrackon Nov 03, 2021 11:34am
135 Views
Post# 34082350

RE:@ taal Closing green..

RE:@ taal Closing green..And I saw a Heisenbird here sitting ontop of barrel cactus. The closer that I looked to try to 100% identify it, the more that it changed because the simple act of looking changed it in some way. Like with subatomic particles.

Ok, in plain English, the more that people dig for info, then the more secretive CGX will get. That's just my opinion. Who knows, they may already know that they have a commercial well there, but they aren't going to prejudice or compromise their bargaining position by divulging much info. If potential JV or farm-in partners want to see the info, then make them pay millions to see it. Sometimes I wonder if we'll get much info at all in an announcement at TD. They could simply say, Kawa is commercial and leave it at that. Then put together an information package that potential partners pay millions for.

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