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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 AnMaron Jan 06, 2023 3:58pm
144 Views
Post# 35207803

RE:RE:RE:It's what they are not saying

RE:RE:RE:It's what they are not saying
YancyDerringer wrote: It would be a long and complicated answer. The short answer is that are many forces at play in Guyana over it's oil industrial plant which is in it's infant stag. India, China, Arab nations all want a share. Guyana has recently held auctions on it's open concessions, there is bidding on the oil refinery. The estimate of $5-7 US may be too cheap. We could be bought out or some organization may just try to buy the remaining shares we hold on a ongoing daily basis and collect the remaining ownership in CGX. We will see what occurs as time moves on over the next 3 weeks. :)YD


what a load of fantastical nonsense - just looks like pumping to me. And the dreamers already gave you 3 thumbs up. Keep it real man.
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