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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 > Seeking Alpha Article and Question for SheDrills!
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Comment by Gtboyon Jul 04, 2023 12:11pm
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Post# 35525893

RE:RE:Seeking Alpha Article and Question for SheDrills!

RE:RE:Seeking Alpha Article and Question for SheDrills!Thanks. I thought he brought out the reality but I was surprised that he/she didnt thought that its an easy Buy-in by a major. 

the move from here depends on a buyer and at what price. In terms of what price I am a bit concerned at the current market cap but this is all a risk. You take it and you win big or lose big.

GL


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