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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

Energy Oil & Gas E&P
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

CGX Energy Inc
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Post by soulfireon Jun 17, 2022 11:52am
297 Views
Post# 34764741

email

emailWe all have to get our points together and email the company for clarification.
I did this morning.
We all knew in the back of our minds,  Demerara and Berbice would not get drilled. 
Giving it up 8 months ahead of time is another thing altogether.

Wouldn't it be something if another company struck the MOTHERLOAD at Demerara, The "F" prospect?

How can they give up those blocks with "terms to be defined"? makes no sense.

Please email the company all and call for Suresh's head while you're at it.
This company has suffered eversince he came onboard.

JMO



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