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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

Post by CLOUDERon Nov 25, 2021 1:08pm
182 Views
Post# 34165734

WELL

WELLTHANKS dragon for making your thoughts in smaller paragraphs, the long ones fall off the coffee table and i can`t read them as good with my failing old eyes.  BUT keep them coming because you are a wealth of knowledge,you and dirk,and ocm,and oil run, and ext. GUYANA has all ways been on the cusp ,or been a communistic country, CGX with discovery was and is a take out stock at this piont,  no worries,we will make our money to.I would not be surprized  if  CGX`s  KAWA 1 will be the biggest find  yet ih this GUYANA,SURINAME basin.                                                                                               PS  just makes sense,  the KAWA 1 is located the closest to the mouth of the courantyne river. the sediment for eons of time have been built up there,the seismic has shown the missive build up ,i do not think that it is a matter of if we find oil and or gas there,it is just HOW MUCH is there.
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