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 > The point that some may be missing

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Comment by Frank007on Jan 14, 2023 9:03pm

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Post# 35223681

RE:RE:RE:RE:RE:The point that some may be missing

Demerara and Beatrice block hel little prospects ..therefore ..when you are sitting in a hot property like the corentyne block and probably hold 500 million barrels ..why get greedy Just think that about 2 barrek
ls of reserves per share ...lifting cost with royalty ..$50 .... net per share should be about $80 smackaroons ...this may take a couple of years to play out but hey ...$80 plus smackaroons...yikes

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