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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

Post by YancyDerringeron Jul 30, 2022 5:35pm
461 Views
Post# 34862561

EXTREMELY POSTIVE ANNUAL MEETING

EXTREMELY POSTIVE ANNUAL MEETINGThe Chairman gave all the answers to questions raised on this board for the last year that meant anything. They cleaned up the balance sheet, have plenty of cash and can move forward without issues. The stock should move up over time before drilling. When they hit oil CGX  has enough percentage of ownership to sell a portion of to invite a major in to develop the concession.)YD
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