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 > Govt position on Investment of Oil Funds

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Post by dragonfly454on Dec 29, 2021 5:45am

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Govt position on Investment of Oil Funds

At the moment the only large amount available for investment in a JV as imagined by the Twitter guy would be from the Oil revenue which is still locked away until legislation etc etc ..the VP of Guyana the Honorable Bharrat Jagdeo made these remarks in past 24 hours: https://newsroom.gy/2021/12/28/oil-money-will-only-be-spent-after-parliamentary-approval-jagdeo/ Hopes this brings some clarity to the discussion below..

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