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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

Post by Hotshot85on Feb 10, 2022 8:47am
361 Views
Post# 34415808

Well Test

Well Testthere is currently a flare of the coast of Guyana that is 30m wide at the location of the our well. This proves more than just " hydrocarbon bearing zone"  check out $CGXEF on twitter. Gentleman who tracks tankers for a living brought it to my attention. 

This shows there is combustable hydrocarbons that are able to be brought to surface. 

last two pieces of the puzzle now are 

1) substance. what do we have Oil, liquids, Gas
2) money. will there be a raise? will they bring on a partner? will they sell? 
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