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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 oilinvestor2022on Oct 10, 2022 12:30am
1187 Views
Post# 35015332

CGX value

CGX valueOregon duck really if you knew the history of CGX you would realize that the value in this is in the ground and maybe a tiny bit in the port.

The press release was just procedure until exchange and government of Guyana give their consent.

The port will be able to handle canoes and rubber dingys in 2023 but that is likely the extent of that.

The golden lane on the other hand is where the elephant could appear.  This could host billions of dollars in reserves with a cost of ballpark $35/barrel to bring to market.  This one could catch many off guard as this could be 5-20 bagger from here.

I wish I knew more about geology and reading seismic but I know there have been many opinions that I appreciate and value.  Thanks again to all for their input.

good luck to all and do your own due dilegence!!!

oil investor
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