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 CLOUDERon Dec 11, 2021 2:52pm

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Post# 34221960

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

yup, makes sense to me to. HEY if they (fec) put up that they spent $300 U.S. in guyana as FEC, + PRE, did you know that CGX spent about $100 million canadian ish before they were taken over by FEC/PRE. CGX has gotten about $450 million canadian redemshions coming, or the company that buys them, with discovery, MAN. THIS changes the equation a bit now, CGX`s cap is now $340 million canadian , with discovery WOW , YOU know how about this scenaio, they miss it is 30 cents to no were or 60 cents to next drill, OR $30 to $100 canadian $100 might be to high but $30 is not. this year. 80% ODDS I WILL TAKE IT.

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