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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 Mat1791on Nov 23, 2021 12:55pm
188 Views
Post# 34157717

RE:RE:OIL and GAS

RE:RE:OIL and GAS
Dirksidetrack wrote: My comment on Messanger to an oil&gas investors group that I belong to: "Yeah saw that too. No cushion left in Cushing. Lol. Seen as desperation move. Biden still can't figure out that nobody is going to capex spend much on finding replacement reserves because nobody wants stranded assets. So they'll continue to monetize existing, now depleting reserves until they end up with a pile of cash as energy prices go up. That's precisely what I'd do. Soon they'll be begging oil sands producers to boost output. Oil sands producers will say 'we can't, no pipeline capacity, you guys should have built energy east, northern gateway and keystone'."

 

Anyway Clouder Guyana VP Jagdeo said that Guyana gonna monetize their reserves. Yeah so big push from Georgetown to get stuff on-line. Bet that on a hit we see things moving speed of light.


 

Slap back to reality...
 

Political leaders who have platformed on satisfying the greenies are getting hit with the reality and economic repercussions of trying to move to quickly to an environmental future!

The world no longer knows moderation...

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