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 > I do not see a JV for a while yet

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Comment by PlainviewOilon Feb 08, 2022 10:29am

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Post# 34408407

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

Honestly, the fact no one has taken them out has been pretty perplexing over the past few years. CGX is almost protected to the same extent a national company would be. That wild card does leave me scratching my head as to what Guyana's goal is with CGX.

There was a while where their unappraised license alone felt like it was practically worth more than 10x the share price.

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