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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 11:08am
179 Views
Post# 35500152

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

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

No disagreement there. Suresh is only around because of his nationality and connection to the government... and that has been of benefit for many years. But he certainly adds 0% value to anything business or technical. 

However... who is editing these press releases and providing "recommendations"? Where is De Alba? Where is anyone with O&G experience that can help relay the message appropriately?


Sad really, if they cannot even market their own products properly via the internet (press releases, online articles), how in the heck can anyone expect a solid JV/sale of assets? That also requires full transparency of data room and trust between companies doing a deal... a big part of me believes this management team has also messed that up and pushed potential suitors away. 


 

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