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.

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CGX Energy Inc > Full formal valuation link

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Comment by SheDrillson Aug 23, 2022 12:06am

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Post# 34913209

RE:RE:RE:Full formal valuation link

I agree WCP...Frontera continues to achieve zero upside for Guyana assets and lags peers in value. The money makers don't appreciate their old school swing for the fences high stakes exploration model. Majors don't drill alone and neither should Frontera. One offshore blowout would bankrupt Frontera. This situation has always been about farmdown to a major...I just wish De Alba would confirm he understands.

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