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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 geomanx02on Mar 03, 2022 9:04am
318 Views
Post# 34478435

New Breed of Oil Men/Women

New Breed of Oil Men/WomenWho was it that coined the terms "Con Man" and Con Job".  Was it J edgar?

Investors gonna lose a ton of money on this piece of "caca"....management knew along they had drilled a dry hole but carefully worded what littes data was released so as ot prevent fraud charges.
Suspect "lawyers" had more to do with the PR than did CGX management.

For future reference, the term "Active Petroleum System" is not a part of legitimate oil operaotrs language.......a defination of this term is.......".we ecounterd hydrocarbon shows but drilled a dry hole".  This term is used by those who want to put lipstick on a pig.......

Fool me once...shame on you....fool me twice....shame on me....

Walk....no RUN away from this managment team....head for the nearest exit!!!!

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