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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 SportyJon May 07, 2022 7:58am
259 Views
Post# 34664216

RE:Follow the logic of the information presented

RE:Follow the logic of the information presentedBeaner1814, clearly you are a financial type most likely an accountant given your name and posting content. Your always well thought out posts dive deep into the financial minutia and are well sourced. Some here don't have a clue what you're saying; otherwise you be labeled a short. Lol. The vaunted Oil_Run as well as almost every other long have called for a CXG jv-farmdown (corentyne or the other blocks) for years. It's overwhelmingly accepted that would be in CXG's best interest. But CXG essentially has no say. Reality is, its what's in FEC's best interest? Keep up the great posts Beaner! All imo
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