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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 > Dance partner for JV selected
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Post by oilinvestor2022on Feb 17, 2022 5:17am
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Post# 34437055

Dance partner for JV selected

Dance partner for JV selectedOne promising item on the frontera release is that there is no mention of them having to do a financing. That would indicate that something will be announced shortly!!!!

An emphasis was placed on buying back shares but no mention of financing!!! That is GOOD news!!!!  I don't think frontera could just write a cheque for $120 million or perhaps $150 million with cost overruns.

A release will reveal the dance partners identity!!! Soon!!!

good luck to all

do your own due dilegence!!!

oil investor
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Dealroom for high-potential pre-IPO opportunities