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 > My Take

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Comment by Dirksidetrackon Dec 11, 2021 2:21pm

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Post# 34221921

RE:RE:RE:RE:RE:RE:RE:My Take

Ah ok, now I got it finally. I am pretty thick sometimes. Lol. My financial sccounting book does cover realized and unrealized gains and losses. Like, if they sold Corentyne right now, after paying what they did they would incur a realized loss. But if the market values what they have now after spending all that they spent as greater than what they spent then they would book an unrealized gain. Ok makes sense now. Thanks Miftee9

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From now on, dynaCERT instead of Bitcoin or NVIDIA?