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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

Comment by 1StewPidBatPisson Dec 08, 2022 10:06am
167 Views
Post# 35158825

RE:Stupid or corrupt

RE:Stupid or corruptGeez Frank, you don't even know how to spell Colombia correctly. Not that your mispelling refutes your post. But when you go on about Colombian weed then it does. Most Colombians hate weed and coke because of the problems they bring because of various turf wars by drug gangs and wish that North Americans and Europeans would quit consuming it.<p><p> As far as hedges go check out Baytex (bte), meg etc in Canada. The lenders of money to them required hedges in the low 50s per barrel before they would grant loans. I'm not a finance guy, nor know nothing about structuring debt financing so I stay away from critisism of management in any company. Just regularatory risk alone with a change in regulations can not only sink companies but entire provinces like Alberta back in the early 1980s when Pierre Trudeau imposed the National Energy Program. Now we got his son vowing to "obsolete" hydrocarbons. Geez man Guyana is about the truly hydrocarbon freindly nation left in the Americas. If fec/cgx hit on Wei then those $12 fec shares will become a real bargain. 
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