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.

TSXV:OYL - Post by User

CGX Energy Inc > Guyana Government and Frontera relationship

<< Previous

Bullboard Posts

Next >>

Comment by 1StewPidBatPisson Dec 14, 2022 5:37pm

213 Views

Post# 35171941

RE:Guyana Government and Frontera relationship

Wow how does one distill that down? OK for me it's simple. Cgx/fec find oil in Coretyne now or bust. Cgx and fec could lose it all on a dry hole. We all know that! Yet sp remains robust.Why? No volatility, no worries. Just sp stability. Explain that please.

<< Previous

Bullboard Posts

Next >>

Gold vs. bitcoin, where should you invest?