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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 18, 2022 6:52am
269 Views
Post# 34440927

RE:CGX, Frontera to inject up to US$130M for more exploration a

RE:CGX, Frontera to inject up to US$130M for more exploration aHey Dev, I love the last paragraph: "By the third quarter of this year, the Offshore Supply Base portion of the port is expected to be fully operational with the Multi-Purpose Terminal, servicing agricultural, general, and containerized cargos being fully operational at the end of the fourth quarter of 2023."

Are you in Guyana? If yes, can you keep us up to date on the evolution of the financial infrastructure there? Banks, investment brokers, stock exchange, regulations regarding investing, new ETFs etc. Big money, from all over, will be invested to build a huge middle class if Dubai is a any example. From a sleepy, small fishing village to an economic, cosmopolitan powerhouse in a few decades. Deepwater port, strategically located in a country loaded with oil.

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