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 > Fangtooth and Lau Lau

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Comment by CLOUDERon Jan 17, 2022 10:18pm

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Post# 34326956

RE:Fangtooth and Lau Lau

MAN, this news by HESS just put one more big spot light on KAWA 1, FEC and CGX hits on KAWA 1 and it`s multi billions of $$$$ for them both . A 10 billion barrel amount buy EXXON is not even close for what they have there. OIL is now $85 a barrel and climing fast, one billion barrels is now $85 billion $ U.S. at $6 in the ground it is $5 billion U.S. and there is MANY targets in the tip of the corentyne. these are elephants arn`t they.

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