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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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

Comment by BlackGoldRefineon Dec 16, 2021 2:35pm
292 Views
Post# 34237901

RE:RE:GOOD UPDATE

RE:RE:GOOD UPDATERe: Harel - Not even at the main target yet. For anyone even considering this nonsense, they are not going to tell us they have commercial HC in the campanian at this moment.  He keeps trying to trigger folks with the "commercial" word. The fact they said "Active system" and "presence of HC" should have you excited - if they excluded that, I'm thinking differently.  It could mean shows, it could mean 50ft net pay - we will find out in Jan. You're great for some comic relief for the board, but you're not even good at the shade, why bother? I'm very pleased with this update and you should go Re-read Oil Runs post.
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