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 > WELL

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Post by CLOUDERon Mar 04, 2022 1:20pm

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Post# 34484012

WELL

so we wait for to see if the oil ,is good or not. I remember EOG made 2 discoveries and the stock went way up. then they found out that the OIL they found was just to HEAVY , well the stock was crushed and so was TULLOW and that was the straw that allmost took down tullow. ps, if this oil is good oil, it will be the first found (ECONOMICAL) IN the shallow off shore guyana or suriname. there is that.

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