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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 Dirksidetrackon Feb 02, 2022 10:28am
185 Views
Post# 34388898

RE:Good morning

RE:Good morningYes Dfly and knowing you, you just may own land near the port being built. Funny that sharp real estate people buy up stuff near where they think that there will be development.

I remember back in the 1980s piles of Hong Kong money was buying up cheap farmland north of Toronto near major arteries. Then they built highway 407. Guess what happened? When the 407 was finished that land near the 407 became prime industrial land. Shot way up in value.

Mosquito infested land near a major container port facility in the Americas might do the same. Anyway I wish that I could block some people. Get them the h out of my life! Sent a message to SH. No reply yet.

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