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 > Re thoughts

<< Previous

Bullboard Posts

Next >>

Comment by waitingstillon Jun 19, 2023 11:32am

169 Views

Post# 35503397

RE:RE:Re thoughts

I think majors would want a billion barrels of oil so someone will make a deal with fec but i think it would be a deal that farms down fec to a much smaller minority interest - maybe 10-20 percent.Then that major will farm out a portion of their 80-90 percent to a company of their liking so FEC will become a silent partner. That is my guess.

<< Previous

Bullboard Posts

Next >>

Geologica Resource: Polymetallic upside at a depressed price