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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

Post by taalon May 18, 2023 8:09am
318 Views
Post# 35454105

Show me the money

Show me the moneyYes it is ....show me the money..time.If this well is successful then I think its the end of the road especially for cgx....Fronterra  included....We know there is no more drilling Corentyne at least in the foreseeable future...so Fronterra is hoping that Wei shows enough promise that allows them to get a half decent payout on both companies.I think that was the stratedy from day one...Fronterra  has quite a bit at stake with these upcoming results....What to do with roughly 260,000,000 shares of cgx....Thier only way out is a Buyout.....
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