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

<< Previous

Bullboard Posts

Next >>

Post by bullishdudeon Jul 07, 2023 9:26am

492 Views

Post# 35530623

It took a while but seems the community is getting there

All,
CGX Mgmt is just third rate. Feels no responsibility to shareholders - just looking after their paycheck. Their public discloures are like if they are working for a super major and not a junior exploration company.
Well they have no funds left now, and based on their track record only FEC seems willing to fund them. FEC is also on sale at present.
Just be careful and do not become the bag holder on this one... Make your decisions based on your risk tolerance

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023