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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.


TSXV:OYL - Post by User

CGX Energy Inc > News Release Thoughts
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Comment by docsdrillers1on Dec 16, 2021 2:16pm
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Post# 34237816

RE:RE:RE:RE:News Release Thoughts

RE:RE:RE:RE:News Release ThoughtsDefinitely feeling a bit better with the News release..not sure what we can safely glean from it but at least we know they have several weeksa left to drill..i agree that if it was a duster they would have moved on by now.

Seems now that FEC knows CGX has to raise more monies they once again are in a conflict of interest situation..Someone is still holding the price down which is better for FEC..the higher the price the less dilution occurs on CGX shares.

If they do find a commercial find why can't CGX borrow agains that potential Revenue source rather than dillute further..

After 22 years what is another few weeks..we are all Waiting sSill now...
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