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 > GOOD UPDATE

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Comment by Beaner1814on Dec 16, 2021 2:18pm

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RE:GOOD UPDATE

Could not agree more Oil Run. While I am not one to speculate the optimistic tone of the NR it is highly promising, especially as it leaves the notion of further capital raising a "strategic” goal. Compare that to the tone of the Offerings Circular which pointed to the necessity of the injection to cover short term operations.

Hopefully management does not let their foot of the gas following this. But then again we are talking about CGX's management team.

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