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 > 20000 achieved as at Year End

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Comment by Dirksidetrackon Jan 02, 2022 4:30pm

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RE:RE:RE:RE:RE:RE:RE:20000 achieved as at Year End

Thanks Sporty, I get the feeling that things will start moving very quickly soon. Guyana will put pressure on to fast track development. So if they have a commercial well there then CGX will need billions in order to develop it. Guyana is not going to let billions of barrels sit in the ground as stranded assets. So I'm wondering what's going on behind the scenes right now.

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