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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 13, 2022 1:21pm
511 Views
Post# 34313515

JHI v CGX

JHI v CGXLots of ways to play if you own the leases. JHI farmed out Canje to the big dog and what? 4 dusters later still in the game? I've got to give cgx/fec credit for taking all the risk on kawa. They had to be really confident to take on 100% of the risk rather than farming out pre spud. "Gotta hunch?, bet a bunch...if your hunch is wrong...your bunch is gone". I think we hit and we'll know soon enough.
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