CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

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.

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CGX Energy Inc

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Post by taalon Nov 27, 2021 7:07pm

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Post# 34172798

Re tight hole

I figured it would be a Tight hole ...with Fronterra running the show.Much more at stake and many more professionals on board as opposed to the 3 ring circus with Cgx at the helm... This well is a to Huge deal for Fronterra...who have much much more at stake than anyone ...yet they decided it was in thier best interest Not to mitigate thier Risk... I dont believe that they were unable to find a partner and had to go it alone...If you are a major oil company ...is there anywhere on this planet you would rather spend your exploration dollars.... I really like our chances...Glta

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