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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

Comment by Kelvinon Aug 13, 2023 9:44am
153 Views
Post# 35585883

RE:Re Conference call

RE:Re Conference callOh for crying out loud Taal! Don't you see where you're going with your attempt to impugn my motives for reasons that I don't understand. CGX's value has always been that it was "Guyana's Indigenous National Oil Company" and that it was never too small or too desperate to fail because vested Guyanese interests were supporting it.

Their value was in their political clout. So let's lay it out on the table then, if that's what you seem so intent on doing but I have been shying away from. Is their political clout diminishing? Why would vested interests allow this erosion in WI and loss of blocks like Demerera? 
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