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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 Stampederon Jan 20, 2023 1:29pm
161 Views
Post# 35235991

RE:RE:NR Poll

RE:RE:NR PollAs a LT holder of ECO i believe the market over-reacted on the Jethro & Joe news.  Heavy sours are marketable and i understand that ECO believes the crude is produceable due to temperature and pressure. I don't think an investor will need to wait years to see significant returns on ECO as the next catalyst I expect will be the results of the farm out for block 3B/4B which is on trend with the Venus and Graff discoveries.  We may see a public announcement on that this quarter.  We also expect the announcement of a drilling target on the Orinduik block this year. Not sure of the status of Tullow as the JV operator as they have been a source of frustration for us private investors. 

 


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