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 > SP INCREASE

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Comment by BoykJurko11on Oct 27, 2022 9:59am

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Post# 35052814

RE:RE:SP INCREASE

Big deal. Hydrocarbons store 60 times more energy per kilogram than batteries. Hydrocarbons are already stored solar energy. Phyto plankton to kerogen to hydrocarbons. The phyto refers to photosynthesis aka solar energy. People think that humans can pack energy into a given mass better than nature can. Nature created us. We did not create nature. My point? Renewables will never, ever come close to replacing hydrocarbons as our primary energy source because humans are no where near as smart as nature is. Anyway screw the lithium plays. Going nowhere. Renewables can generate energy cheap but cannot store it cheap. Invest in hydrocarbons instead. They're already stored solar energy.

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