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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 Jbadboy28on Mar 04, 2022 10:31pm
260 Views
Post# 34485843

RE:RE:WELL

RE:RE:WELL
Remembering a conversation I had with my in-laws about 3 yrs ago concerning a neighbor in Diamond suburb of Georgetown in regards to a water well he was having dug for him not more than a hundred ft deep when he struck oil causing the surrounding land around his house and adjacent properties to shift. It was claimed by the gentleman that the oil was fuel grade and he was now operating his car and yard equipment and selling to surrounding neighbors excess fuel reserves . I have no reason to doubt my wife's parents and have always kept this knowledge pretty much under wraps until now. Diamond is approximately 2.5 to 3 miles off the coastline. This information along with conversations I've had over the yrs with a friend who's brother works for CGX for now over 11 yrs now kept me invested in Frontera and CGX. The main problem I see going forward is not only management's greed but also political corruption squeezing the little retail investor out of their fair share of any financial rewards. We have all seen this play out over the years and now even more so in last months,weeks and recent days. I can't complain I've made great returns concerning this investment,although it's not without many a sleepless nite
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