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 > Interesting thought on Exxon Takeout

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Comment by Investnowpleaseon Mar 02, 2022 12:26pm

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Post# 34475437

RE:RE:RE:RE:Interesting thought on Exxon Takeout

Didnt say i knew anything about a bidding war. If they arent exploring numerous offers they are not doing due diligence, which is inexcusable. That is if they are even exploring that option.

i will say this though and have said it before. I really dont see another option in the event of a major discovery. Perhaps they could slso retain a GOR. The ultimate gift that keeps on giving.

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