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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 > I do not see a JV for a while yet
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Comment by Ebenizer3on Feb 07, 2022 6:26pm
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Post# 34406676

RE:RE:I do not see a JV for a while yet

RE:RE:I do not see a JV for a while yetwhoever does a deal with cgx they will reimburse cgx for the geo work, 3-D, drilling etc. and usually paying for the next drill(s) along with whatever portion for license and a pile of cash. yeah cgx can ask for m&m's in all green. Really just hav to wait to see what kind of deal, could be one company or a group.
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