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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 26, 2021 10:21am
160 Views
Post# 34168605

RE:GREG MANNARINO

RE:GREG MANNARINOSo what he's saying is that it's "risk on" like Bloomberg likes to call it. But at least they identify the risk which now is that South African coronavirus variant.

Hey man, that variant shuts down economies then there's no safe place to park your money or no hedge to protect it. See what you just implied? Cgx sp depends on future oil price. Hess CEO said that their Liza E&P (exploration and production) cost per barrel is about $25 US. So unless oil drops to below that then CGX will make money.

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