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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 Jun 16, 2023 10:37am
190 Views
Post# 35500085

RE:"Commercial" "Shows" and Insane PR Statements

RE:"Commercial" "Shows" and Insane PR Statements

This is what happens, SheDrills, when you have management composed of idiots. I guarantee you guys like Suresh and De Alba read these press releases internally before they are submitted to the various exchanges. The fact this kind of sloppy language is released speaks volumes to the block heads we have running the show. Guaranteed they probably don't even know the difference between the different terms you mentioned and implications of such.


As Joe Pesci once said in Casino "This guy could fu*k up a cup of coffee". Applies perfectly to this joint venture management team. 

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