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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Comment by SportyJon Jan 23, 2022 11:57pm

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Post# 34350910

RE:RE:RE:RE:RE:RE:RE:RE:This week

"Expect the unexpected..." "Failing to plan is planning to fail..." was said by lj not me. Fact is Cgx expected around 115 days to drill Kawa...around 150+ days now. Fact is Cgx planned Kawa to cost $85 mil... now $125 mil? Conclusion, Cgx didn't expect or plan very well, did they? Lj, tell the board why. Very nasty there Phantom, maybe a translation issue? Miftee9, ck inbox.

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