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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 IceDog13on Apr 29, 2022 5:01pm
305 Views
Post# 34643749

RE:RE:Hey fellow shareholders

RE:RE:Hey fellow shareholders
IceDog13 wrote: Eco Atlantic (EOG in the TSV) is my top choice.

Excellent management team.
Great partners including the likes of Total and Exxon.
Acreage in what was the hottest exploration spot in the world, Guyana/Surnam basin.
Acreage in the next hottest exporation in the world, Namibia (and SA Orange basin).
Drill planned and fully funded in the Orange basin, rig has been contracted for Q4
12 Well drill campaign run by Exxon on the Canje block to start Q4, with first well carried.
"Should" also drill Orinduik in Guyana, and a desire by the operator (Africa Oil) to drill block 2B in the Orange basin (on trend with the MASSIVE Venus and Graff discoveries) in 2023.
$0 Debt!!!

The best part, thanks to their Orinduik block partner Tullow almost going bankrupt in Guyana due to their African assets, the share price is grossly deflated! Great time to get in with lots planned starting Q4 this year.
 


Small mistake... Block 2B is the Orange Basin drill scheduled for Q4 with the drill contracted (Eco is the operator). Africa Oil is the operator of block 3B/4B which is on trend with the massive Venus and Graff discoveries.


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