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 westcanprideon Jul 26, 2023 10:41am

240 Views

Post# 35557619

1yr charts

On a plus, over a 1yr period, CGX is up ~25%. On the other hand, Frontera is down ~17% over the same 1 yr period.

No wonder a deal hasn't been struck yet... which IOC/NOC in their right mind would want to keep Frontera on as a partner in any capacity? They are run by losers with absolutely no value added in any capacity. Least CGX has government connections to some degree than can be useful.

<< Previous

Bullboard Posts

Next >>

The top 10 Canadian medical stocks