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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

Comment by Windyhillon Jan 18, 2022 8:06pm
408 Views
Post# 34330979

RE:Kawa

RE:Kawa

taal, Longs still holding. We are with you. Also we are at a delicate position here now where negotiations and proposals are being discussed with the leaders of Guyana....... it's not only about a news release on the drilling aspect of how potentially large our discovery is ..... which I think is minimally equivalent to the most of the recent discovery announcements from the majors just slightly North and East of KAWA 1... but it is the way forward to ensure the JV proposals fits into the development plans for Guyana and future partnerships are all agreeable to the Guyana Government and its peoples. 

IMO... it's as important as all of the technical drilling details brought forward by SH and Stock twits posters.... not seeing anyone post on this aspect of Government's discussions and negotiations as yet.

One thing is for sure.... as oil Run has said.... Make sure you have a seat at the table. It's a musical chairs game that MUST be played out. Make sure you have a chair when the noise stops.

One thing for sure, is this Guyana story, will be a story of significant magnitude of wealth and change for the betterment for the Guyanese people and that in its self  will be worth sharing with the GrandChildren for decades to come....... and look....... The discoveries of the decade are unfolding before our eyes.......

Hold strain.... KAWA 1 and the prospect North West of KAWA1 .... new drill site to be soon announced will be a big part of the Story many investors could share with their Grand Children.

Good Luck to All !

WindyHill

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