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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.


TSXV:OYL - Post by User

CGX Energy Inc
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Post by oilinvestor2022on Mar 29, 2022 3:39pm
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Post# 34556512

Erie Quiet Right Now

Erie Quiet Right NowBased on the quiet there must something big building!!! Why isn't Guyana getting the days notice ahead :)!!!  I am hoping for 200 million for 20% of corentyne!!  This would maximize the value for us in about 8-9 months and could be north of $10/share.  The major eventually does a friendly deal with frontera and we see a steady increase up until the offer and then likely a double from the $5 a share at time of offer!!!

I am not sure if my heart could handle price appreciation!!!

good luck to all!!! Do your own due dilegence!!!!

oil investor
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