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.

TSXV:OYL - Post by User

CGX Energy Inc > OiL Leases

<< Previous

Bullboard Posts

Next >>

Post by bazilfawltyon Jan 26, 2022 9:46am

270 Views

Post# 34361769

OiL Leases

CGX JV with FEC
But who is the lease holder for the block?
CGX
NOT the PSC which lists I assume CGX/FEC
How will this affect the politics around any change in lease ownership legalities?
Requires Govt approvals ?
May not be just like that to own most of cgx...but not the leases.
GO CGX
Baz

https://www.kaieteurnewsonline.com/images/2017/09/companies.jpg

<< Previous

Bullboard Posts

Next >>

Sirios Resource discovers visible gold in Quebec