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.

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CGX Energy Inc > Oil in place calculations… Wei is a winner!

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Comment by Kelvinon Jul 02, 2023 12:14pm

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RE:RE:RE:RE:RE:Oil in place calculations… Wei is a winner!

Lol, But I don't get the connection between cgx sp and XOM options. Linear algebra again. Correlations. Let me think about it a bit. Maybe I'll figure it out.

Yeah they have created quite the expectation here that in a couple of months some jv will be a done deal yet previous posters who don't post anymore said that jv's take a much longer tme to work out after access to data rooms.

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