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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Comment by Mat1791on Jan 20, 2023 9:01am

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Post# 35235190

RE:RE:RE:RE:RE:RE:And the idea

AnMar wrote:
BoykJurko11 wrote: Frank, I want to explore some ideas floating around my head. Not to get nerdy but Leonteif's Input-Output Model for an Open Economy, which is a matrix equation, for which he won the Nobel prize, and which anybody can understand, studying linear algebra for about 30 hours, using only grade 4 arithmetic skills as a prerequisite.

Looking at the possible demand vectors, which will no doubt increase in Guyana in all economic sectors and given that Frontera Energy Guyana Corporation (FEGC), a subsiduary of fec and the only partner in the JV with oyl in the Corentyne block, why would fec necessarily want to produce Corentyne? One possible path forward may be find oil on Wei and sell wotking interest to a major.

Take that money and deploy it on mainland Guyana in ports etc. How about telecoms? It doesn't escape my notice that the first thing Russia did in their attack on the Ukraine was to knock out cell towers rendering Ukrainian telecoms useless. Elon Musk and Spacex to the rescue blanketing the Ukraine with low orbit satellites up in the thermosphere giving everybody voice and data services. The Ukranian military is almost 100% reliant on Elon Musk's Starlink system.

Guyana will need a massive upgrade in their telecoms infrastructure. Catalyst Capital rescues entities in distress like much of the current infrastructure in distress right now in Guyana. Build value in distressed assets. What would fec do with the billions made from selling Corentyne wotking interest? Look for distressed entities to rescue, of course. They'd pile it back into Guyana. Maybe de Alba has already had preliminary talks with Elon Musk. I don't know. Just extrapolating and speculating here. Maybe we'd see Frontera transition away from being a hydrocarbon company into being a port/construction/telecom/finance company. Who knows?

There's something supporting fec and cgx sp and it's not pipe dreams. A good find on Wei will open up a lot of profitable options for fec. What I can't figure out is where cgx fits into forward plans. Cgx shareholders will, no doubt, be rewarded whatever happens.

What, are you kidding? Are you trying to give my friend Frank an aneurysm? Stop it already.

Don't you know already - Frank is the fishnut, scatman,clouder and the owner of mutliple other personalties here.

uPvoTe me nOW Frank & friends :)