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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 May 11, 2022 6:37pm
163 Views
Post# 34675923

RE:RE:RE:# Unanswered Questions

RE:RE:RE:# Unanswered QuestionsYeah Yancy talking food, drink and political capital I just got back from the beach after spending the afternoon there with my wife. Talking food we ate curried goat in a potato, onion roti wrap. Fantastic! I made the roti and curried goat. Fresh cumin and curry from Trinidad given to me by my Trinidadian friend here who is head mistress and owner of a bilingual school for kids.

Political capital. I saw and directly felt the effects of what happens when you don't have any. ExxonMobil had Cerro Negro in Venezuela nationalized back in 2006. Billions of dollars gone, just like that, at the stroke of a pen via a presidential decree. Same happened to ConocoPhillips with their Petrozuata project. So, for some reason, CGX still retains their political capital when, at the stroke of a pen, they could have been wiped out years ago. People can interpret that as they choose. I choose to believe that Corentyne is loaded with oil, that the people with the magic pens want CGX to succeed and the only issue now is to find a decent, economically producable trap or more.

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