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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 westcanprideon Apr 26, 2022 8:58am
260 Views
Post# 34631489

Bharrat Jagdeo

Bharrat JagdeoAt this point in the game, I honestly believe the only way CGX ever makes a good deal will be because of Mr. Jagdeo. He has ensured, among many others, that CGX remained alive all these years. Additionally, he now knows what is happening with regards to the Exxon JV and external interest in offshore Guyana. In short, he will likely (I hope!!) ensure CGX gets a JV completed sonner than later. 

In fact, it must sicken him to deal with wannabee businessmen like De Alba and Suresh. These two are utterly useless and he knows...especially when he deals with real businessmen from Exxon, HESS, CNOOC and countless others from external entities looking at buying into Guyana. 

So yeah, end of day, if anything happens, it will be because of Mr. Jagdeo! God speed good sir! 
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