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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 Jun 24, 2022 3:43pm
214 Views
Post# 34781223

RE:RE:CHANGE IN TIDE

RE:RE:CHANGE IN TIDEIt was "golden lane" they said. Sure thing. Like Jed Clampitt out rabbit hunting and out of the ground came bubbling crude. Sp supposed to hit $10 US last December. JV with a whale major. Grab your chair was the hype. OK, to be generous which I am, nobody knew what would happen Schteibzey. I'd simply like to know what happened. Oh they had " drilling chsllenges". Sounds legit. LMAO! So if I drive a car off of a cliff drunk out of my mind then I can simply white wash it by saying that I had driving challenges? The market obviously doesn't like that the political capital supporting the stock is evaporating. I want to know why. Seems that Kawa doesn't justify much more investment of capital in any form.
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