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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 Beaner1814on Nov 08, 2021 6:12pm
214 Views
Post# 34102359

RE:RE:4th and 5th Dimensional thinking

RE:RE:4th and 5th Dimensional thinkingI appreciate the entertainment Dirk. As such I will bite.

Dirk even you have to see the nonsensical nature of your reasoning. To put forward that statement as you have  would suggest that by eating a cow one is a vegetarian, because the cow, being a herbivore, only eats grass. I do not especially enjoy the taste of grass, but I do steak.

I am no physicist, but I am sure that the laws of thermodynamics would have something to do with the process and there surely is a difference between organic photosynthesis and the process by which petroleum is formed through subsurface compaction. Also, the term green is commonly used and associated with renewable or circular systems. So unless you know of instances where oil is a truly renewable resource, then I say kudos to you you found green oil.

All kidding aside, there will be a foreseeable need for the black stuff, so no need to greenwash here.
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