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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

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

Post by SportyJon Aug 10, 2023 9:41am
206 Views
Post# 35581467

On Another Note

On Another NoteI doubt anyone would be surprised that CGX starts significant layoffs. There will be no more wells, procurements, vendor contracts, gov filings, etc. No, all cgx needs now is a skeleton crew to secure/present the data and some accounting functions. Will be interesting if Suresh would survive a layoff. 

Lack of clarity on the boat dock/bait shop (other than redundant photos) leaves investors to question if it will ever be operational (at least by cgx).  My bet is it will be sold for pennies on the dollar. But that's just me.

Now let's get back to debating posters who I blocked over 8 months ago. Waste of time. 

All imo
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