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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 westcanprideon May 25, 2023 10:45am
160 Views
Post# 35463704

RE:I agree except …

RE:I agree except …

The pace at which CGX is building this port, De Alba himself might be long retired. I've seen beach houses with better access points than the joke material they have published on their website so far. It's actually embarrassing! 

Just watch, someone like Exxon or a international entity like ADNOC (Abu Dhabi oil) will come along and build a port faster and better than these bums. Almost reminds me of Canada and LNG... tons of discussions back in the late 90s and here we are almost 25yrs later with nothing finished yet. Meanwhile the Americans don't come along till 2016 and now do over 11 BCF/day exports. Same thing I almost guarantee will happen with Guyana and their ports. 

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