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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 Kelvinon Jun 17, 2023 11:33am
164 Views
Post# 35501723

RE:RE:RE:RE:Scrutiny

RE:RE:RE:RE:ScrutinyWell SportyJ can feel free to post my PM to him yesterday in reply to his to me. Because I wrote it, then I can repeat the gist of my post which is that I think that they have a helluva discovery. 

In my reply to SportyJ I said that my friends "collective" as some people refer to us feel that some arrangement with a major will be made where the major becomes the operator because they have the inhouse "horsepower" as you say to develop this baby but fec/cgx will retain impressive working interest. 

I got about 4 or 5 shorty detractors. They focus in like rabid dogs that I changed from Dirksidetrack to Kelvin. I only did that because Dirk had over 1100 likes after only 8 months and I only posted on this board. I do not want people making investment decisions based on some perception that I am some sort of expert. I'm not! The experts are the earth scientists. I know almost zero about that. As Shedrills says it's geology, geology, geology. Let's see what the earth scientists say. I think it's gonna be great.
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