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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 oilinvestor2022on Sep 29, 2022 4:54am
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Post# 34994091

They got the prize now what???

They got the prize now what???Can't be much downside from here!!!!  I mean if they are truly thinking the unfathomable in taking full ownership in CGX.  Then they would try to avoid any scrutiny by paying a premium!!!

The Wei well will be the tell all.  I don't suspect you will get an 11th hour JV or hostile bid!!!  Management doesn't play well with others!!! Lol

Hope all is well and good luck to all!!! Do your own due dilegence.

oil investor
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