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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 Dirksidetrackon Apr 15, 2022 4:38am
267 Views
Post# 34606037

RE:Grey Goose..Shades of Grey

RE:Grey Goose..Shades of GreyThings are going great Dfly, thanks. Yeah it has amazed me the entire well how so little information has gotten out. Heck, the logistics people including roustabouts, crane operators at the docks could figure out activity on the rig from what they're loading and offloading alone if they knew enough about rig ops in general. Yet nothing.

Talk about tight hole! So any speculation about what they may have found is based on very scant info. Just have to wait and see. I'm more worried about the looming global food crisis. Most fertilizer comes from natural gas and Russia used to produce piles of it before the sanctions. Not anymore. Scarce fertilzer = scarce food supply. I'm almost hoping that Kawa found a pile of nat gas as well as oil. Make fertilizer. Deep water port, sell it to the world. Lot's of opportunities for oyl. Let's see what they make of things.

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