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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 > The deceit continues!
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Comment by JJJRRRon Jul 26, 2022 12:48am
217 Views
Post# 34850075

RE:The deceit continues!

RE:The deceit continues!

I would guess there was lots of interest but Frontera/CGX believes the value of what they have exceeds any offers. A very good sign. Frontera is in too deep to walk away from this high potential huge find. 

If  sucessful, the're in the big boy league offshore in the biggest oil basin on the planet! GLTA

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Dealroom for high-potential pre-IPO opportunities