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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.


TSXV:OYL - Post by User

CGX Energy Inc
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Post by SportyJon Jun 14, 2023 9:35am
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Post# 35495654

Neighbors

Neighbors Look around the neighborhood:

Lau Lau - 315' hydrocarbon bearing reservoir
Lukanani - 115' pay (76' oil) Masst/L Camp
Barreleye - 230' pay (52' oil) L Camp/Santonian
Fangtooth - 164' pay (oil) L Camp/Santonian
Seabob - 131' reservoir Camp
Kiru Kiru - 98' Camp/Santonian
Sailfin - 312' hydrocarbon bearing reservoirs
Haimara - 207' gas condensate pay Masst/U Camp
Sapakara - 140' oil&condensate pay Camp, 118' oil pay Sant
Keskesi -  190' oil& condensate pay Camp, 16' oil pay Sant
(Source: From CGX 3/23 presentation slide 8)

When all is said and done, Wei's pay will stack up just fine against these significant discoveries in Stabroek & Blk 58.

All imo
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Dealroom for high-potential pre-IPO opportunities