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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

Post by SportyJon Jan 11, 2022 7:48pm
491 Views
Post# 34306190

Headhunter8904

Headhunter8904I'd like to give a shout out to headhunter8904 over on ST. He (assume) is doing some real heavy lifting with great questions, comments and observations. He appears to have a lot of skin in the game and genuine in his quest for knowledge. He is worth a follow over there imo. Btw he gave a "Theory Cred" to this pleb re a major maybe slowing things down on kawa gathering tons of info. Fwiw that theory was based on an independent and a major in a jv which basically unlocked the wolfberry and essentially the entire Permian shale play. GL Hh8904
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