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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 mark92on Oct 16, 2022 6:13pm
395 Views
Post# 35028004

Guyana seeks investors for oil refinery

Guyana seeks investors for oil refinery "With Guyana in pursuit of transforming its economy, while building new sectors, the country continues to deepen its relationship with its international allies. Especially as the country’s rate of growth in the oil and gas sector continues,” said Foreign Secretary, Robert Persaud.

His statement follows the recent visit by the Minister of Energy Affairs in Qatar, who led a delegation to Guyana that also included the managing director  chief executive officer of Qatar Energy, Engineer Saad bin Sherida Al-Kaabi, who is also the and chairman of Qatar Airways.

Persaud said that the authorities here used the visit of the delegation, which also held talks with President Ali, to develop synergies with countries that have experience in the sector."

 By the way they like ports also..


https://caribbean.loopnews.com/content/guyana-seeks-investors-oil-refinery
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