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 > Wei

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Post by Toucan1234on Oct 24, 2022 10:11am

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Post# 35043403

Wei

So CGX and Frontera planning to drill the most exciting well in both of their history in the most prolific area in possibly the world.
The funds are there.
Very competent team to do the drilling.
High chance of success.
High oil prices.
Great demand for Guyana oil due to geopolitical situation.
Port showing progress.
Goverment very supportive.
Nobel Discoverer on its way/already here

So.......

Share price drops???
Go figure.

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