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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 SportyJon Feb 02, 2023 3:33pm
271 Views
Post# 35263154

RE:RE:Houston, We Have A Problem

RE:RE:Houston, We Have A Problem
Schreibzey. Thanks for the cordial reply and I wouldn't expect anything less from you. I've slept since last summer but I seem to remember cgx having a pretty good outstanding Kawa accounts payable at the time. At 6/22/22 I can't think of Wei pre drill exps being that significant. Either way today, FEC just said Wei has a $160-$170m AFE. Oil field inflation I guess but it is possible cgx may not have a total free ride here. All imo. 
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