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 > This week

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Comment by RightAngle45on Jan 23, 2022 11:32am

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Post# 34349833

RE:This week

That is a very good question.
Could we finally get the results on Kawa ?
We had a good trading day on Friday up 6% at the close, considering it was down about 6% earlier in the day.
5 months since spud, and lots of bucks being spent. I would therefore like to think that results will be in our favor, as the cost is not that big of a deal if they found the mother load. In my opinion,I believe they have found a commercial discovery. And maybe the biggest one well discovery in the basin.
GLTA longs

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