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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 westcanprideon Aug 22, 2023 12:20pm
132 Views
Post# 35600014

RE:RE:RE:More of the same

RE:RE:RE:More of the same

I agree he negotiated poorly. Who was giving him advice though? We hired these guys like Lacy, Stockinger, Durkee with years of experience under their belts. Did these guys just sit around like bums and not offer any advice? I highly doubt it. It be like if CGX drilled a duster and then blaming it solely on Suresh... he didn't pick the drilling locations and instead he listened to what others told him. The Geos did. Same logic here applies to drilling. 

This line of thinking is like politics... super easy to blame to head leader for all problems... but the people working for the government in other roles often get a free pass. Well they also have influence. 

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